Energy Secretary Wright Defends Iran War Costs, Predicts Diesel Price Drop Before Midterms
Energy Secretary Chris Wright stated that President Trump understood the short-term impact on energy costs before initiating the war in Iran, prioritizing the prevention of a nuclear-armed adversary. Wright argued that while diesel prices recently exceeded $6.50 per gallon, they are now declining due to increased supply from the Strait of Hormuz and a new G7 agreement to release 100 million barrels of fuel. He expressed confidence that prices will fall further before the midterm elections, despite ongoing diplomatic and military discussions regarding Iran.