Energy Secretary Chris Wright was on “Fox News Sunday” with host Shannon Bream to discuss President Trump’s plan to lower energy prices.
“The average for a gallon of gas here in the US is up over 40 cents since these strikes started. What is the plan?” Bream asked.
“The plan is to get oil and natural gas and fertilizer and all the products from the gulf, flowing through the straits before too long,” Wright said.
“One large tanker has already gone through the straits with no issues at all,” Wright said.
“We are massively attriting their ability to strike with missiles and drones, and that rate of attrition will increase in the coming days,” Wright continued.
“Energy will flow soon. It’s one of the reasons the President had to move on this war. Iran has just terrorized America, the neighborhood and energy markets for 47 years,” Wright said.
Secretary Wright explained that energy markets are doing well and the rise in prices is temporary because of the uncertainty of what is taking place in the Middle East.
“Energy markets are massively well supplied right now. In fact, the run up in prices has nothing to do with any shortage of barrels of oil or natural gas. It’s just fear and perception, the unknown that this could be some long you know, drawn out crisis, but it won’t be,” Wright continued.
“The world is abundantly supplied with energy thanks to President Trump’s energy dominance agenda. The United States is a net exporter of oil, net exporter of natural gas,” Wright said.
“This is a disruption on the way to a much better place to end a 47-year war against America,” Wright continued.
“What is the plan with respect to the reserve?” Bream asked regarding Rep Sean Casten’s comments on oil reserves.
“Again, representative Casten of course wrong on both of those points and probably fully aware he’s wrong when he says that,” Wright commented.
“We have been refilling the strategic petroleum reserve, but we only can do that with monies approved by Congress,” Wright explained.
“It shouldn’t have been depleted for the 2022 midterm elections as the Biden administration did,” Wright said.
Watch:
WATCH: @SecretaryWright tells us what the Trump Administration is doing to blunt rising prices at the pump. pic.twitter.com/kSf7F1TpSG
— Fox News Sunday (@FoxNewsSunday) March 8, 2026
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