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The Latest Breaking News from Chris Wright

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.

Fortune

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

The Guardian - US

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!

We Got This Covered

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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.

Axios

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.

Euronews

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 Independent UK

UAE reopens airspace after Iran attack – as it happened

This blog is closed

The Guardian - AU

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Trump's energy chief: "No guarantees" gas prices will fall in weeks

He said the war should end "in the next few weeks."

Axios

US energy chief has dire prediction about gas prices under Trump

Trump’s war will end in ‘weeks’ but oil prices will be ‘elevated’ until it concludes, Chris Wright warns

The Independent UK

Trump promised Oil money, so his minion used emergency powers to restart disastrous oil spill pipeline

Another attempt by the Administration to force compliance so that Trump gets what he wants.

We Got This Covered

US energy secretary says war against Iran will be over ‘within next few weeks’

IN FULL

The Independent UK

US Energy secretary directs oil company to restore operations off California

U.S. Energy Secretary Chris Wright has directed a Texas-based oil and gas company to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act

The Independent UK

Trump’s bold promises for Hormuz collapse after one devastating truth from his own administration

The United States military isn’t ready to escort oil ships through the Strait of Hormuz, according to a top official in President Donald Trump’s administration, directly contradicting earlier suggestions from the president. This news comes as Iran continues to effectively block the crucial waterway, causing oil prices to surge worldwide.

The Mary Sue

What is the strait of Hormuz and can the US stop Iran from blocking it?

Energy prices have soared as Iranian strikes and reports of mines prevent ships from transiting the chokepoint

The Guardian - UK

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The Times of India

Hormuz miscalculation? Trump sideswiped by Iran's closure of Strait

Washington underestimated Iran's threat to close the Strait of Hormuz, causing global oil market jitters. Despite planning, economic fallout wasn't fully accounted for, leaving the US scrambling. While officials claim preparedness, limited options and high risks for naval escorts are evident. Iran signals the strait's closure remains a pressure tool.

Roll Call

SPR drawdown might not be enough for consumers, Democrats say

President Donald Trump’s decision to draw crude oil from the Strategic Petroleum Reserve received little criticism on Capitol Hill Thursday, although Democrats expressed reservations that it would not do much to insulate Americans from global price volatility resulting from the war in Iran. Senate Energy and Natural Resources ranking member…

Axios

Ship escorts to start in Strait of Hormuz "soon," Trump officials say

Scott Bessent made the comments to Sky News as he confirmed the war had cost the U.S. $11 billion thus far.

The Independent UK

Trump promises to release nation’s oil reserves to steady gas prices after his Iran War caused massive spikes

Last week, oil surged past the $100-a-barrel milestone, after recording its largest one-week spike since March 1983

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The Times of India

'We are simply not ready': US says its military cannot escort vessels in Strait of Hormuz right now

America's military is currently unable to escort oil tankers through the Strait of Hormuz. Energy Secretary Chris Wright stated that military assets are focused on Iran's offensive capabilities. Escort operations are expected soon, possibly by month's end. US forces have eliminated Iranian vessels suspected of laying mines near the strait.

The Independent UK

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Independent UK

Iran-US war latest: Trump says strikes have ‘obliterated’ military targets on vital oil hub island

Kharg Island is the linchpin of Tehran’s oil industry

The Guardian - US

Trump news at a glance: Trump says war is won but ‘we don’t want to leave early’ as oil prices rise again

Trump continues contradictory messaging on Iran; US will release 172m barrels of oil from strategic supplies. Key US politics stories from 11 March

The Guardian - UK

Oil price tops $100 again as Iran strikes economic targets across Middle East

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets

Fortune

The fog of war is coming from inside the White House—and it cost oil markets $84 million in ten minutes

Meanwhile, the market shrugs at news of a record emergency release of oil.

We Got This Covered

Energy Secretary falsely claimed Navy escorted tanker through Strait of Hormuz – markets lost $84 million while he tried to backtrack

Gave the market false hope.

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