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Energy Secretary Wright says war with Iran 'will certainly' end in next few weeks
Energy Secretary Chris Wright expects the Iran conflict to end soon, predicting gas prices will fall after a brief surge caused by disruptions in the Strait of Hormuz, where oil flows have been blocked.
- On Sunday, Energy Secretary Chris Wright predicted the Iran war will end "in the next few weeks," with oil supplies rebounding and gas prices declining once hostilities cease.
- Escalating hostilities since February 28 effectively closed the Strait of Hormuz, a critical maritime passage carrying about 20% of global oil, driving crude prices above $103 per barrel by Friday.
- Over 30 nations coordinated a record release of 400 million barrels from strategic reserves to stabilize markets, though gas prices still averaged $3.70 per gallon on Saturday amid persistent supply concerns.
- President Donald Trump has opted not to destroy Iranian oil infrastructure, instead calling for international naval support to keep the strait open while U.S. forces continue degrading Iranian military capabilities.
- Despite Wright's optimistic timeline, Israeli military officials report planning for at least three more weeks of operations, while Senator Adam Schiff criticized the administration for lacking clear objectives for the campaign.
79 Articles
79 Articles
Drivers moan, politicians point to the oil companies, but the treasury of the finance minister is ringing unstoppably, with two effective instruments to relieve the burden on the citizens.
U.S. energy secretary Chris Wright says Trump has trick up sleeve to ease oil prices amid Iran war * WorldNetDaily * by Anthony Iafrate, Daily Caller News Foundation
Source link President Donald J. Trump delivers remarks at Verst Logistics Manufacturing in Hebron, Kentucky, on Wednesday, March 11, 2026. (Official White House photo by Joyce N. Boghosian) Secretary of Energy Chris Wright stated during a “Meet The Press” interview Sunday that the U.S. is taking several actions — including increasing oil production in deep
Officials of the Trump administration have made every Sunday to ensure that the war in Iran is expected to end in a few weeks or "more earlier", as the economists express their concern that the oil disturbances in the Middle East could trigger a recession, reports CNN.
Ormuz's strike is a "temporary inconvenience", said US Secretary of Energy Chris Wright on Sunday, adding that the war launched by the United States and Israel against Iran will end "in the following weeks," reports Reuters, AFP and Agerpres. "It is true that we are going through a short period of disturbance, but it is more ...
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