US Energy Secretary Wright:
There will not be tolls through Hormuz.
Economy
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Economy
US Energy Sec on Arabian Gulf Oil
US Energy Secretary Wright:
About 15m barrels a day coming out of the Arabian Gulf.
Economy
Wright: Iran Uncooperative on Energy
US Energy Secretary Chris Wright:
Iran has not been cooperative at all yet.
The continued flow of oil through the Strait of Hormuz is thanks to the US military.
Leaders
Trump Interrupts Energy Sec. Wright
SEC. CHRIS WRIGHT: "120, 141 years ago, Albert Einstein, 121 years ago, published a paper. "
PRESIDENT TRUMP: "nobody cares."
(Room bursts into laughter)
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Leaders
Energy Sec Wright Comments on Iran
Energy Secretary Chris Wright: “Iran is still behaving like Iran.”
Economy
Wright: 7M Barrels Daily Via Gulf
Energy Secretary Chris Wright: Roughly 7 million barrels per day of oil are getting out of the Persian Gulf with U.S. military help. - Reuters
Global
US May Partly Lift Iran Sanctions
The U.S. Energy Secretary, Chris Wright stated that the United States could partially lift sanctions on Iran if a comprehensive agreement is successfully reached.
Chris Wright indicated that while a full rollback of restrictions is not immediately on the table, a phased or partial lifting of sanctions could serve as an incentive if Tehran complies with the core terms of the negotiation.
Economy
US Energy Sec: Gulf Oil Exports to Rise
US Energy Secretary Wright:
Oil exports from Hormuz and the Persian Gulf set to rise
Economy
Trump Admin Open to Suspending Gas Tax
NEW: U.S. Energy Secretary Chris Wright says the Trump administration is open to suspending the federal gas tax to help lower fuel prices for Americans.
Leaders
Wright: May Resume Military Action
Chris Wright: "We did stop Project Freedom at Iran's request. They said, 'Let's make a deal.' If it's clear in the next few days that there's not a good path to a negotiated settlement, we'll go back to the military method to open the strait."
Global
US Expects Iran Response to Proposal
U.S. Energy Secretary Chris Wright says Washington expects to receive Tehran's response to the latest American proposal "soon," adding that economic pressure on the Islamic Republic's leadership is mounting.
Economy
Energy Sec: Russia Oil Sanctions Waiver Unlikely Renewed
The sanctions waiver for Russian oil is unlikely to be renewed, according to Energy Sec. Wright.
Economy
Wright on Strait of Hormuz Reopening
FOX BUSINESS: Can we reopen the Strait of Hormuz to the free flow of energy in 5 days?
CHRIS WRIGHT: That could happen if a peace agreement is reached, but the military effort has just gone swimmingly well
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Leaders
Energy Sec Wright on Ending Iran Issue
Energy Secretary Wright: “Must end the Iran issue; can't kick the can to the next US Administration.”
Economy
Wright Links Oil Prices to Iran War
US Energy Secretary Wright:
“Oil prices would go down if the Iran war ends in 5 days.”