Energy Secretary Calls for Iran Deal to Lower US Gas Prices

U.S. Energy Secretary Chris Wright emphasized the need for a resolution with Iran to lower U.S. gas prices by increasing oil flow through the Strait of Hormuz. Authorities criticized California's environmental policies for high gasoline costs. Efforts to engage with Governor Newsom on refinery issues were mentioned.

U.S. Energy Secretary Chris Wright stated on Friday that a resolution with Iran is essential to lower gas prices by facilitating more oil flow through the Strait of Hormuz. Wright made these remarks at the Sable Offshore oil and gas facility, which resumed operations after President Trump's intervention using the Defense Production Act.

During the event, Wright, along with Interior Secretary Doug Burgum, criticized California's stringent environmental policies for the state's high gasoline prices, which average around $6 per gallon. Wright emphasized the administration's commitment to engaging with California Governor Gavin Newsom to support the state's oil refineries after recent closures.

Wright suggested rolling back regulations that led to refinery closures and indicated a potential resolution with Iran could ease gas prices nationally. He stressed the elevated gas costs are justified by the U.S. military's efforts to mitigate Iran's nuclear threat, offering national and regional security benefits.