WATCH: Trump's Energy chief reveals what escalating Iran tensions could mean for gas prices
Energy Secretary Chris Wright is telling Americans not to be concerned about the possibility of another surge of sharp increases in gasoline prices as tensions with Iran have started to...
By Fox News · Fox News
Energy Secretary Chris Wright is telling Americans not to be concerned about the possibility of another surge of sharp increases in gasoline prices as tensions with Iran have started to escalate once again. Asked whether Americans should worry about higher prices at the pump and how the Trump administration is preparing to keep the economy stable if the conflict continues to worsen, Wright told Fox News Digital: "It has not been any good behavior from Iran that's allowed oil to flow. It's been the United States military." "That's not changing," he assured, speaking from the Great American State Fair on the National Mall this week. US CLAWS BACK KEY CONCESSION TO IRAN AFTER FRESH ATTACKS ON COMMERCIAL SHIPS IN STRAIT OF HORMUZ With Iran striking three commercial vessels transiting the Strait of Hormuz on Monday and Tuesday, Wright doubled down in urging citizens to not credit Iran for the U.S. military’s work to ensure oil shipments continue flowing through the strait. "Look, the U.S. Military has been the key asset here," he said. "They have assured the flow of oil and gas through the Strait of Hormuz throughout. Not at the beginning of this conflict, but through the last six weeks." Wright said the administration is closely monitoring global oil supplies as the tentative ceasefire with Iran seemingly came to a halt, with President Donald Trump telling Secretary-General Mark Rutte the call for peace with Iran is "over" at the NATO Summit in Turkey on Wednesday. But, he pointed to the continued shipping through the Strait as evidence that markets should remain stable. TRUMP SAYS IRAN CEASEFIRE IS 'OVER' AFTER IRANIAN ATTACKS TRIGGER MASSIVE US RESPONSE "We're, of course, constantly watching the supply of oil, the supply of refined products and what's going on there," Wright said. "And I think still all positive trends." Beyond geopolitical concerns, Wright also praised the new chain of discounted gas stations across Pennsylvania and New Jersey, Freedom Fuel, which p…