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The Latest Breaking News from Chris Wright

Yemen's Houthis Reportedly Met With U.S. Officials After Making Key Gains. They Promised Not To Target U.S. Ships.

The Iran-backed group has taken key islands in the Red Sea and Yemen.

International Business Times

U.S. Fuel Inventories Surprisingly Rose and Saudi Arabia Is Seeking To Reroute Exports. Oil Fell.

Riyadh is offering additional crude cargoes through Oman, easing some concerns about the state of supplies after its key East-West pipeline got shut down last Friday.

International Business Times

Treasury Yields Hit The Highest Level In Almost 20 Years And Oil Kept Climbing. Stocks Fell Again.

The benchmark 10-yield Treasury note rose on Tuesday to the highest level since 2007 as the sell-off in government debt continued one day away from the Federal Reserve's next policy decision.

International Business Times

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Saudi Arabia's Key Pipeline Has Been Shut Down. Energy Secretary Wright Says It Will Reopen Soon.

Chris Wright said the work to resume flows through the East-West pipeline will take days, not weeks.

International Business Times

Japan and Mississippi Just Sealed a $528 Million Deal — Here's What It Means for America's Power Grid

Hitachi Energy will invest $528 million in a new transformer plant in Gallman, Mississippi, sealed at the G20 Energy Ministerial in Houston.

Latin Times

U.S. Is Taking a Large Stake in Venezuela's Oil Revival. The Goal Is 2 Million Barrels a Day.

The emerging framework includes separate deals involving Chevron, private oil operators and, most unusually, a direct U.S. government investment in a Venezuelan-focused energy company.

International Business Times

Venezuela's Opposition Set to Lose Control of Citgo as Delcy Rodríguez Government Takes Over

Following Maduro's capture and U.S. recognition of Delcy Rodríguez, Venezuela's opposition prepares to relinquish oversight of refiner Citgo.

Latin Times

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Donald Trump vows oil prices will ‘drop precipitously’ after Iran war win, and it will be ‘below Two Dollars a gallon’

According to him, it's a "small price to pay" anyway.

We Got This Covered

Labour Day 2026 Gas Prices: Average Regular Fuel Hits Record High of $4.15 Amid Iran War Disruption

US gasoline prices reached a record Labour Day average of $4.15 (£3.07) as the Iran conflict, Strait of Hormuz disruption and refinery pressures kept fuel costs high for holiday motorists.

International Business Times UK

Trump Energy Secretary Says He 'Doesn't Want to Have an Opinion' on Gas Prices, Then Guesses They'll Fall

US Energy Secretary Chris Wright cautiously predicts a potential decrease in gas prices, despite ongoing geopolitical tensions with Iran affecting oil supply and prices.

International Business Times UK

Iran war hits Americans at the pump as Labor Day gas prices smash record

Gas prices in the U.S. have hit a record high for Labor Day weekend, averaging $4.14 per gallon

The Independent UK

Iran claims it struck a US vessel in the Strait of Hormuz. US military dismisses it as a ‘total lie’

This comes a day after US forces struck three Iranian oil tankers.

We Got This Covered

Iran to announce new restricted zone in the Gulf, top security official says

Iran's top security official has announced that the country will be establishing a new restricted zone in the Persian Gulf. This move comes amid ongoing tensions in the region, raising concerns about potential disruptions to vital shipping lanes and international maritime traffic. The exact details and implications of this new…

The Economic Times

Energy secretary says US might not reach nuclear agreement with Iran

Chris Wright tells ABC there ‘may not’ be an agreement that would prevent Iran from having nuclear weapons

The Guardian - US

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The Independent UK

Trump’s Energy secretary asked whether gas prices would go up or down

IN FULL

The Independent UK

Trump’s Energy secretary embarrassingly says he has no opinion on future of gas prices - then makes his best guess

Chris Wright declines to say when gas prices will begin to go down, but claimed that loosening fuel standards would counterbalance continued conflict in the Strait of Hormuz

The Economic Times

The Venezuelan billionaire the US investigated for money laundering now has a Pentagon oil deal

Billionaire Alejandro Betancourt, once investigated by US authorities over alleged money laundering linked to Venezuelan state oil firm PDVSA, has emerged as a key US partner in a sweeping oil deal with Caracas. Reuters reports Betancourt helped Washington ahead of Nicolás Maduro’s capture and later brokered oil agreements benefiting US…

The Guardian - UK

Nobel laureate Machado: ‘Illegitimate’ Venezuela regime has no right to strike US oil deal

Opposition leader says interim government lacking democratic mandate to negotiate on natural resources

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International Business Times UK

Oil Prices Surge Despite Trump's Proposal to Rename Hormuz Strait as Trump Strait and Claiming It Is Under US Control

US oil prices rose 1.3% despite Trump claiming control over the Strait of Hormuz amid escalating tensions with Iran and diverging data from ship-tracking service providers.

Euronews

US energy firms significantly expand operations in Venezuela after Washington's oil deal with Caracas

US officials denied accusations that the deal was holding Venezuela for ransom, stressing that it is mutually beneficial deal for all, developing an unutilised underground asset.

The Economic Times

US energy chief rejects ‘stealing Venezuelan oil’ claims as Washington takes control of vast reserves

US Energy Secretary Chris Wright denied claims of stealing Venezuelan oil. He stated private companies bring money and technology to develop resources. Wright emphasized fixing Venezuela's electricity sector is crucial for oil production. President Trump called the oil pact the world's biggest deal. Elections are a process requiring infrastructure readiness…

France 24

US oversees signing of ‘billions’ in deals between Venezuela and Chevron, ENI, GE

US oil giant Chevron, Italy's ENI and GE Vernova signed deals worth "tens of billions of dollars" with Venezuela, US Energy Secretary Chris Wright said Wednesday during a trip to Caracas where he and Interim President Delcy Rodriguez finalised the agreements.

Latin Times

From 280,000 to 600,000 Barrels per Day: Chevron Seeks To Double Venezuelan Oil Production by Injecting $7 Billion

Chevron plans to spend $7 billion over five years, nearly doubling Venezuela output toward a 600,000-barrel daily target, new filings show.

Fortune

The Trump administration says more oil shipments exited the Middle East this week than before the Iran war, but the data says otherwise

More oil is exiting the Middle East of late, but it's not close to pre-war levels, experts said.

The Economic Times

Chevron expands Venezuela presence with $7 billion plan to double oil output in five years

Chevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company aims to double production through its joint ventures to about 600,000 barrels per day over the next five years.

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