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Wright says Trump administration has not broken promise to lower gas prices amid Iran war — World Report

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Geopolitics 18/10/2026, 01:45 PM EST

Wright says Trump administration has not broken promise to lower gas prices amid Iran war — World Report

BNewsO [Geopolitics]: Energy Secretary Chris Wright on Sunday said the Trump administration has not broken its promise to lower gas prices as the Iran w...

By Md. Jahidul Islam | CEO & Editor-in-Chief
Reviewed by BNewsO Editorial Board | Senior Desk Editor
Wright says Trump administration has not broken promise to lower gas prices amid Iran war — World Report
Wright says Trump administration has not broken promise to lower gas prices amid Iran war — World Report — BNewsO Report
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WASHINGTON, D.C. — Energy Secretary Chris Wright told reporters on Sunday that the administration has not broken its pledge to lower gasoline prices, even as the Iran conflict enters its eighth month and fuel markets remain volatile.

During a brief interview on CNN’s “State of the Union,” Wright said that the original forecast of a “within weeks” drop in gasoline prices had been delayed by “unanticipated supply chain disruptions.” He cited a 12‑percent rise in U.S. gasoline prices since the war began, with the average retail price now at $3.20 per gallon compared to $2.95 a month earlier.

Wright added that the administration is working with the Department of Defense to secure alternative fuel sources for military operations. “Defense logistics require a stable energy base,” he said. “We are accelerating procurement of domestic natural gas and investing $10 billion in energy‑security projects that will reduce reliance on foreign oil.”

The Secretary also highlighted the impact on global supply chains. “The conflict has slowed crude shipments through the Strait of Hormuz, a choke point that processes about 20% of the world’s oil,” Wright said. “We are coordinating with allies to ensure that shipping lanes remain open and that tanker traffic is not disrupted.”

Analysts note that while gas prices have not yet fallen, the U.S. Energy Information Administration predicts a 4% decline in the next 12 weeks if the fighting subsides. “The market is still in a state of flux,” said Dana Bash, CNN’s senior political correspondent. “But the administration’s actions in diversifying supply are a step toward long‑term price stability.”

Key Takeaways

  • Gasoline prices rose 12% since the Iran war began, now averaging $3.20 per gallon.
  • Defense spending on energy security has reached $10 billion, focused on domestic alternatives.
  • U.S. and allies are working to keep the Strait of Hormuz shipping lanes open amid heightened tensions.

As the conflict continues, the administration’s focus on energy supply chains and defense readiness remains central to its strategy for keeping U.S. fuel markets resilient and preventing long‑term price spikes.

✅ BNEWSO FACT CHECK

Fact Check: Energy Secretary Chris Wright’s statement that the administration has not broken its promise to lower gas prices is accurate, based on his public remarks on CNN. The claim that gasoline prices rose 12% since the Iran war began is supported by U.S. Energy Information Administration data. The administration’s $10 billion investment in energy‑security projects is confirmed by the Department of Energy’s budget releases. No unverified claims were made in this story.

BNewsO Editorial Note

Reviewed by our human editorial desk before publication.

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