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The Latest Breaking News from Chris Wright

Crude Prices Plunge on Hopes for a Quick End to Iran War or at least a G-7 Oil Stockpile Release

April WTI crude oil (CLJ26 ) on Tuesday closed down -11.32 (-11.94%) at $83.45, and April RBOB gasoline (RBJ26 ) closed down -0.1681 (-5.99%). April WTI crude oil on Monday rallied to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $83-per-barrel area. Crude oil prices...

Barchart

US Navy has not escorted a tanker through Strait of Hormuz but...: White House clarifies energy secretary's deleted post

White House spokesperson Karoline Leavitt Tuesday clarified that US Navy did not escort a tanker through the Strait of Hormuz at this time but added that it remains an option that the president will utilize if and when necessary. Hours before Leavitt's press conference, US energy secretary Chris Wright claimed…

The Times of India

Senator begs Israel to stop attacking oil assets, citing humanitarian reasons, but we all know it is just about the oil

Pleads with Netanyahu to "be cautious about what targets you select".

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Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full

Since the beginning of Trump’s second term, the strategic oil reserve has grown only 5%.

Fortune

Oil Prices Surge Above Pandemic-Era Levels As Iran War Tightens Supply Chain

Gas prices have spiked 27 cents a gallon in the last week as the Iran war has caused the price of oil to skyrocket.

International Business Times

Rising pump prices draw calls to action from Democrats

As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…

Roll Call

Gasoline prices have already jumped 19% since Iran attacks started with oil prices continuing to soar

President Donald Trump insists rising costs from the Iran conflict are ‘a very small price to pay’ for ‘peace’

The Independent UK

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A new Khamenei as Supreme Leader, oil above $100: Did Trump miscalculate Iran?

Operation Epic Fury escalates as Iran installs Mojtaba Khamenei as supreme leader following his father's death. With oil prices soaring above $100 a barrel and attacks widening across the region, the conflict is morphing into a larger, riskier war with no clear end in sight.

The Times of India

Oil prices: What it means for your money as Brent crude surges again after Iraq tanker attacks

Energy bills rising is an inflationary pressure the UK’s economy could do without

The Independent UK

Oil Prices Hit $100 as Middle East War Threatens 20% of World Oil Supply

Crude oil prices hit $110 amid Middle East tensions, risking a global energy crisis. Discover how market volatility impacts global economies and energy supplies.

International Business Times UK

Trump says oil price spike is ‘very small price to pay for safety and peace’ as Iran war rages

On Sunday, oil prices surpassed the $100-a-barrel milestone for the first time in more than three-and-a-half years

The Independent UK

Schumer calls on Trump to release oil from reserve to lower gas prices

Republicans have been slow to embrace the idea.

Axios

US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war

Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry

The Guardian - US

Trump's energy chief blames oil price spike on market fear

Gas is up 47 cents a gallon in one week.

Axios

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Axios

Energy woes deepen as Trump team looks to soften blow

Oil and gasoline prices are marching upward again Friday, even as Trump administration officials seek ways to get more barrels into the market.

The Guardian - US

Kristi Noem confronts grim truth that everyone is expendable in Trump world

Many will regard the ex-secretary of homeland security, Trump’s first fired cabinet member, as the worst yet seen

The Independent UK

White House is looking ‘under every rock’ to solve rising gas prices after Trump’s war in Iran spikes costs, report says

Gas prices in the U.S. rose roughly 28 cents per gallon in one week, as a result of U.S. and Israeli strikes in Iran

Latin Times

Venezuela Reportedly Canceled Sale Of Assets Seized From U.S. Company After Trump Admin Intervened

Venezuela canceled the auction of assets seized from Halliburton after the Trump administration intervened, according to a new report.

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The Guardian - US

Democrats urge dropping plan to double gas exports as US energy prices soar

‘Policies are not putting America first,’ letter says to energy secretary as Trump’s repeated pledges to slash utility bills

The Independent UK

Feds give record $27B in loans for utility expansion in Georgia and Alabama

Federal energy officials say they will loan a record $27 billion federal loan to Georgia Power and Alabama Power to expand electricity supply

Axios

Trump teases AI electricity pledge. Here's when tech giants will sign it

It's the Trump administration's latest response to election-year voter angst over data centers' electricity demands.

The Independent UK

US military airlifts small reactor as Trump pushes to quickly deploy nuclear power

The Pentagon and the Energy Department have airlifted a small nuclear reactor from California to Utah, demonstrating what they say is potential for the U.S. to quickly deploy nuclear power for military and civilian use

Euronews

US energy leader slams IEA's net zero agenda, suggests Washington could walk out

US Energy Secretary Chris Wright said the International Energy Agency should focus on energy security and abandon net zero ideas, but EU leaders have backed the Paris-based agency as a "trusted pillar" of the global energy community.

The Independent UK

US military airlifts a nuclear reactor across three states after Trump pushes for more of the energy source

The ‘next-generation’ reactor could potentially power up to 5,000 homes, the Pentagon announced

The Guardian - UK

‘Big step forwards’: emboldened activists take to the streets of Venezuela

Protesters are enjoying greater freedom of expression since Nicolás Maduro’s downfall despite lack of regime change

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