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EXPLAINED: Chris wright - The Real Truth

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.

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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

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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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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 Independent UK

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 Economic Times

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

The Guardian - 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.

International Business Times UK

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.

Euronews

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…

The Economic Times

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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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The Independent UK

The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves

Oil giant Chevron is expanding its operations in Venezuela as some details emerge about President Donald Trump's separate deal for a U.S.-controlled joint venture to develop more of the nation's proven reserves

The Guardian - UK

Trump ally defends Venezuela oil deal amid ‘gunpoint diplomacy’ criticism

Energy secretary Chris Wright denies US seeks to ‘take’ country’s oil, saying deal is transformation of relations

France 24

US energy secretary vows oil output will double on visit to Venezuela

US Energy Secretary Chris Wright landed in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil deal between the US government and Venezuela. The deal would see the US create and control a private company that will hold 65 billion barrels in proven oil reserves. This agreement…

Euronews

Chevron unveils $7 billion Venezuela deal as US claims a fifth of the country's oil

Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.

The Guardian - US

Hope and concern swirl for Ohioans around ‘world’s largest datacenter’

Piketon datacenter promises to generate thousands of jobs, but environmental groups voice concern over project

The Economic Times

The Hormuz crude volume debate masks the real shortage of refined fuels

The oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer signs of disruption. Imports of diesel, jet fuel and gasoline are down 21% from pre-conflict levels, while refining margins remain elevated, putting greater pressure on less wealthy…

The Economic Times

Iran says Strait of Hormuz will remain closed until US changes course

Iran's Mohsen Rezaei stated the Strait of Hormuz remains closed until US behavior changes. He claimed America relies on economic pressure after abandoning military options against Tehran. Rezaei alleged Israeli Prime Minister Netanyahu assured President Trump an economic blockade would force Iran's surrender. Iran has developed ways to bypass sanctions…

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