Energy Secretary Says ‘No Guarantees’ Oil Prices Will Fall Soon - The New York Times
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The Bottom Line
Energy Secretary said oil prices may not fall soon.
How This Affects You
Gas prices could remain high with no guaranteed timeline for relief.
AI Summary
Energy Secretary issued a statement warning there are "no guarantees" that oil prices will drop in the near term. The official provided no specific timeline or price projections during the remarks. This signals the Trump administration is managing expectations about energy costs despite campaign promises to reduce prices. The statement comes as consumers continue facing elevated fuel costs across the country.
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PoliticsExclusive: Trump reviews options to curb energy prices as Iran strikes roil markets - Reuters
<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxQT0Z5U1Z0Tkp2RmVmdGlWMWRuVm5GaXdER25ZdnA3X0V5eHBZTlI2YlhWWmlDME9mblVaV2JZNFh5QVJiTDAxRlpMNWRqbUNWLXN0V0pJUTB4NWEtX3V2Q3hYN0hoSDFkOVQ5MzlFVm5fbnBoZ3lZNkVsRElDVk8tcU9wdktDb2xfRzlpc1F1bU5kU1R1bjZQZkNWSGdwZjRiem9LU0JhMlUzSnYxM1pzZVlRQko3Z2FBa3c?oc=5" target="_blank">Exclusive: Trump reviews options to curb energy prices as Iran strikes roil markets</a> <font color="#6f6f6f">Reuters</font>
GlobalIran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again - AP News
<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxOT3UyV1FyQ2VRM3VLV2JXaUhzNWpzYUUyYnotbnkybzc2X1Jaakh4ZlRwcE1QaFkwUU94YTN0RVBnVEV1amRPYzd4WFdiczNwTWhtTVZHYXU3NlY3YllCMG9hRkdDUFp0bEdJNnZBX1hXUi1QY1ZoNmNZUGVyTW9rNDQ0ZHNKcHZ0Y2R1OWtheFhkQVVKVWlpU0Z4enFpRVZ1?oc=5" target="_blank">Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again</a> <font color="#6f6f6f">AP News</font>
National SecurityEnergy secretary directs Texas oil company to restore operations off California
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
GlobalU.S. to release 172 million barrels of oil from Strategic Petroleum Reserve as prices surge
Energy Secretary Chris Wright said Wednesday that the United States will release 172 million barrels from the Strategic Petroleum Reserve as part of the International Energy Agency's efforts to combat steep oil prices amid the Iran war.
PoliticsTrump a lot more concern about how war and oil prices will affect midterms
Since the war has started, fourteen ships have been hit in the Strait of Hormuz, as Iran vows to carry out an 'oil blockade'. Although oil prices have gone down after sharply increasing, concern remains. French President Emmanuel Macron is calling on G7 leaders to work together to reestablish 'freedom of navigation' in the region as soon as possible. FRANCE 24's Philip Turle looks at the politics of this crisis, and the US strategy.
GlobalU.S. Eases Limits on Russian Energy as Oil Prices Soar
The volatility in energy markets because of the war in Iran could not come at a better time for President Vladimir V. Putin.

Judge blocks Trump administration's subpoenas against Fed Chair Powell
A federal judge blocked two grand jury subpoenas against Federal Reserve Chair Jerome Powell on Friday. Chief Judge James Boasberg wrote that "the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
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