US energy secretary links lower fuel prices to Iran resolution

US energy secretary links lower fuel prices to Iran resolution US Energy Secretary Chris Wright said reducing petrol and diesel prices will ultimately depend o…

In breve

The US energy secretary has linked lower fuel prices to the Iran resolution, but the exact wording of the statement and the relationship between the resolution and fuel prices are unclear.

Punti chiave

• The US energy secretary links lower fuel prices to the Iran resolution

Contesto

US energy secretary links lower fuel prices to Iran resolution US energy secretary links lower fuel prices to Iran resolution US Energy Secretary Chris Wright said reducing petrol and diesel prices will ultimately depend on reaching a resolution with Iran that allows more oil to move through the Strait of Hormuz, a key route for global energy supplies. Speaking in California, Wright also called for increased domestic fuel production, arguing that the state’s energy security is important because dozens of military facilities rely on imported fuel. He added that the Strategic Petroleum Reserve is expected to grow after the conflict, saying companies will return more oil than they borrowed. “Each barrel we flow out, we’re getting 1.25 barrels back next year,” Wright said, adding that about 40 million barrels would be added to the reserve after the conflict at no cost to taxpayers.…

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Cosa resta incerto

• Exact wording of the statement
• Relationship between Iran resolution and fuel prices
• Impact of Iran resolution on fuel prices

Categoria: cronaca
Entità: Iran