Wright Says Gas Prices Should Hold as 3 Strait Attacks Fail to Disrupt Oil Flow
Updated
Updated · Fox News · Jul 10
Wright Says Gas Prices Should Hold as 3 Strait Attacks Fail to Disrupt Oil Flow
2 articles · Updated · Fox News · Jul 10
Summary
Chris Wright said Americans should not expect another sharp jump in gasoline prices, arguing oil and gas are still moving through the Strait of Hormuz despite renewed Iran tensions.
Three commercial vessels were struck on Monday and Tuesday, but Wright credited the U.S. military with keeping the waterway open and said the administration still sees positive supply trends.
Donald Trump also signaled a harder line, telling NATO chief Mark Rutte that the call for peace with Iran is "over" as a tentative ceasefire appeared to unravel.
Wright used the price concerns to back lower-cost fuel options at home, praising Freedom Fuel's 25 stations in Pennsylvania and New Jersey while reiterating support for consumer choice between EVs and gasoline vehicles.