Energy Secretary

• Energiesecretaris Chris Wright verklaarde in 'Face the Nation' dat het Amerikaanse leger zijn operatie met scheepsbegeleiding in de Straat van Hormuz heeft gepauzeerd nadat Iran verzocht had dit te staken om vredesonderhandelingen na te streven. • President Trump kondigde de operatie vorige week aan te midden van de blokkade door Iran, maar schorste deze twee dagen later nadat Teheran een signaal gaf om 'een deal te sluiten'. • De pauze ondersteunt een wankel staakt-het-vuren, waarbij de VS de straat nu vrijmaken zonder actieve begeleiding, met als doel de spanningen te verminderen.

• 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...