Energy Secretary

• Energy Secretary Chris Wright stated on 'Face the Nation' that the U.S. military paused its ship escort operation in the Strait of Hormuz after Iran requested a halt to pursue peace talks. • President Trump announced the operation last week amid Iran's blockade, but suspended it two days later following Tehran's signal to 'make a deal.' • The pause supports a fragile ceasefire, with the U.S. now clearing the strait without active escorts, aiming to de-escalate tensions.

• Treasury Secretary Scott Bessent described President Trump's economic measures as suffocating Iran's regime during a May 3 Fox News appearance. • Iran's economy faces $435 million daily losses and 112% food inflation due to the U.S. blockade, per FOX Business analysis. • Rising U.S. gas prices from the Iran conflict are creating broader economic challenges despite the pressure on Tehran.

Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in USChris Wright, the Trump administration’s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.Asked by Jake Tapper, the CNN State of the Union host, when he thought “it’s realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don’t know. That could happen later this year. That might not happen until next year.” Continue reading...

• U.S. Energy Secretary visited the DIII-D National Fusion Facility at General Atomics, the largest magnetic fusion research site in the United States, on April 14, 2026. • During the tour, Secretary Wright, along with executives Gil and Prochaska, engaged with DOE-funded scientists and engineers advancing fusion power plant technologies. • The visit highlights fusion as a promising energy breakthrough, with the secretary calling it 'what powers the stars and why I went to MIT.'

• Energy Secretary Chris Wright told NBC News that gasoline prices could decline by summer despite ongoing disruptions from the Iran war and threats to global oil supplies. • The forecast suggests potential relief from elevated energy costs that have accompanied the three-week conflict, though oil markets remain volatile due to Iranian actions in the Strait of Hormuz and retaliatory attacks on regional infrastructure. • The projection reflects administration confidence in energy supply alternatives and market stabilization even as the conflict continues to create supply-chain uncertainties.

• US Energy Secretary Chris Wright told NBC News that gasoline prices could decline by summer despite current elevations caused by Iran war-related supply disruptions and Strait of Hormuz tensions. • The projection offers some relief to consumers facing inflationary pressures from energy markets, contingent on conflict de-escalation or resolution within the coming months.