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The Latest Breaking News from Chris Wright

Oil prices jump after Strait of Hormuz setbacks

The latest increase reverses a large chunk of Friday's sharp decline.

Axios

When Are Gas Prices Going to Drop Below $3? Chris Wright Warns Relief Is Coming—Just Not as Expected

Gas prices have peaked amid the Iran conflict, but significant relief for drivers remains distant, with prices unlikely to drop below $3 a gallon until next year.

International Business Times UK

Federal government launches broad probe into mysterious disappearances and deaths of top scientists. ‘We haven’t found anything alarming yet’

“A lot of the nuclear security scientists are in DOE. So yes, of course we are looking into this.”

Fortune

From analysis to the latest developments in health,
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Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027

Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in US

The Guardian - US

Trump's energy boss: gas may stay above $3-per-gallon into 2027

Wright argued Trump has successfully managed the energy disruption.

Axios

Gas Prices May Not Hit $3 Until September, Treasury Chief Bessent Warns He's 'Watching' Gas Stations

Treasury Secretary Scott Bessent says $3 gas could arrive between June and September, warning the Trump administration plans to monitor gas stations. Stay updated on energy costs and petrol prices.

International Business Times UK

US faces demand to restore $350M in federal funding to help power Puerto Rico

Nearly 200 organizations are urging the Trump administration and Puerto Rico’s governor to restore $350 million in federal funding that was meant to finance the installation of rooftop solar and battery systems for 12,000 low-income families across the U.S. territory

The Independent UK

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Bernie Sanders issues blistering four-word response to Trump’s economic adviser’s take on rising oil prices over Iran war

Veteran left-winger ridicules National Economic Council Director Kevin Hassett over his attempts to reassure the public as war drags on and fuel crisis threatens to deepen

The Independent UK

Trump’s energy secretary once said gas prices would fall by summer - now he’s not so sure

The national average gas price hit $4.118 per gallon Tuesday

The Independent UK

Exclusive: Record funding for fusion power lands as Trump eyes cuts

The split-screen approach underscores tensions in the administration's energy strategy.

Axios

Iran-US war latest: Oil prices spike after Trump vows to keep hitting Iran ‘extremely hard’ in address to nation

The president said US forces would 'finish the job' in Iran and that 'core strategic objectives are nearing completion’

The Independent UK

Hyperscalers often lack the “aptitude” on power as the political push picks up to expedite grid connections and pipelines

A bevy of efforts in the federal bureaucracy and Congress are underway to expedite power generation, pipelines, transmission, and grid interconnections for the ongoing power demand spike.

Fortune

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

Fortune

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

Texas Observer

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The Guardian - US

California sues Trump energy department over revival of controversial oil pipeline

Attorney general decries ‘outrageous federal overreach’ after government restarted pipeline closed over 2015 spill

Fortune

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

The Independent UK

Trump officials announce 10-gigawatt data center, gas plants for former Ohio uranium site

The U.S. Department of Energy has announced a public-private partnership with SoftBank and AEP Ohio to develop a massive artificial intelligence data center and power complex at a former uranium enrichment site in southern Ohio

The Independent UK

Iran war underscores risks of Trump's relentless focus on oil

The Iran war is underscoring the risks of President Donald Trump’s relentless focus on fossil fuels as he pursues what he calls American energy dominance

Get all your
news in one place.

100's of premium titles.
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Fortune

Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

Government projections don’t see gas prices falling below $3 per gallon until the end of next year.

The Guardian - US

Oil flows again through controversial California pipeline after Trump order

Pipeline, closed since 2015 after huge oil spill, reopens after president cites need to boost US supply amid war on Iran

We Got This Covered

NBC’s Kristen Welker demanded answers on the Strait of Hormuz closure. Chris Wright’s chilling three-word response left her silent

No wonder, Captain Obvious!

Axios

Oil prices climb despite Trump moves to temper market

The global benchmark Brent crude jumped to over $106 per barrel, over $3 above Friday's close.

Euronews

Trump says he demanded 'about seven countries' to join coalition to police Iran's Strait of Hormuz

Trump says attacks on Iran could last several more weeks despite soaring energy costs. The US president says he is assembling a coalition to help police the Strait of Hormuz and escort stranded oil vessels out to address international energy supply crises caused by the war.

The Independent UK

Iran-US war latest: US embassy in Iraq attacked while Trump lashes out after Nato rejects Strait of Hormuz demand

The US president said it is only appropriate that those who benefit from oil coming through the waterway help to free it

The Guardian - AU

UAE reopens airspace after Iran attack – as it happened

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