Energy Secretary: Trump was "aware of the risks to energy flows" before Iran war

Energy Secretary Chris Wright stated on Face the Nation that President Trump was fully aware of the potential risks to energy supplies before launching the Iran war last year. He acknowledged that the short-term impact would likely increase energy costs, but believed it was necessary to prevent a nuclear-armed Iran from posing a long-term threat.

Wright defended the administration's stance, emphasizing Trump's commitment to stopping Iran from acquiring nuclear weapons. He expressed confidence that energy prices would decline in the near future, citing factors such as increased supplies from the Strait of Hormuz, U.S. gasoline production, and a slower summer driving season.

Wright predicted a drop in diesel prices below $6 per gallon, down from recent highs above $6.50, and expected this trend to continue. He reiterated that the administration's goal is to expand the supply of diesel and gasoline while reversing years of policies that restricted production and refining. Wright also highlighted the Group of Seven countries' agreement to release 100 million barrels of fuel over four months, which he considered a significant development.

He noted that Europe's large diesel reserves would benefit from increased American exports, particularly as Russian and Chinese supplies diminish. Wright emphasized that President Trump remains open to various strategies to lower energy prices, including exporting diesel and negotiating different approaches.