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Wright Discusses Iran Oil Pressure and Gas Prices with Dana Perino on Fox News

May 7, 2026 · U.S. Department of Energy · 0:06:31

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

Energy Secretary Chris Wright joined Dana Perino on Fox News on May 7, 2026, following President Trump’s remarks expressing optimism about Iran’s response to the latest U.S. peace proposal. Wright said, as he stated it, that he has had no direct dialogue with Iranian officials during this administration, and that he follows Iran’s energy system through observation data.

Citing reporting that Iran’s oil sector and economy are under pressure as the U.S. blockade bites, Wright said, as he stated it, that Iran has likely already cut production by maybe 400,000 barrels a day and will likely continue ramping down as storage fills and exports are blocked. He warned that if the standoff runs too long, Iran may have to shut in low-pressure mature reservoirs, risking permanent damage and reduced production capacity — an incentive, as he put it, for Iran to reach the outcome of ending its nuclear program and restoring traffic through the Strait of Hormuz.

On gasoline prices, Wright acknowledged, as he stated it, that higher prices have been tough for Americans and for the administration, which he said is focused in both Trump terms on lowering energy prices.

Why it matters

The appearance is part of the administration’s energy agenda — expanding supply, grid capacity, and permitting — and its claims about prices, projects, and markets are the record against which its energy promises will be measured.

Sources: U.S. Department of Energy, “Secretary Wright Joins Dana Perino on Fox News - May 7, 2026”, 2026-05-07 (official upload, embedded above; published 2026-05-07). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.