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Secretary Wright Discusses Oil Prices, the Hormuz Strait, and the Ceasefire With Dana Perino, June 24, 2025

June 24, 2025 · U.S. Department of Energy · 0:06:51

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What happened

Energy Secretary Chris Wright joined Fox News’ Dana Perino on June 24, 2025, according to the Department of Energy posting of the interview. On Iran’s threats to close the Strait of Hormuz, Wright said, as he stated it, that Iran has talked about closing the strait for 40 years and never effectively done it, that all of Iran’s oil exports and imports move through the strait, and that the United States — a net oil exporter — does not depend on it in any meaningful way, so Iran would harm itself more than anyone else; he noted, as he stated it, that oil, gasoline, and diesel prices that day were lower than when shots were fired. He credited, as he stated it, President Trump’s combination of respect, carrots, and sticks in the Middle East, contrasting it with the prior administration.

On U.S. production, Wright said, as he stated the figure, that with natural gas liquids added, U.S. production exceeds 20 million barrels a day — over 20 percent of global production. On the fragile ceasefire announced the prior evening, he said, as he stated it, that the market was pricing in confidence that American strength would lead to more peace in the Middle East. He also pointed, as he stated it, to significant production growth in the Gulf of America that year and the next, enormous untapped potential in Alaska, and a next-generation shale technology a few years away — together, as he stated it, many decades more of U.S. oil production growth.

Why it matters

The interview is a compact mid-2025 statement of the administration’s energy-security position during a live Middle East crisis: Hormuz self-deterrence, record stated production, and a decades-long growth runway.

Sources: U.S. Department of Energy, “Secretary Wright Joins Dana Perino on Fox News - June 24, 2025”, 2025-06-24 (official upload, embedded above; published 2025-06-24). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.