Energy Secretary Chris Wright Discusses Iran Talks and Oil Prices

On June 21, 2026, Energy Secretary Chris Wright appeared on ABC's "This Week" to discuss ongoing negotiations with Iran and the state of oil prices. He noted that the current talks aim to clarify Iranian goals and potential tradeoffs, emphasizing that the U.S. military actions have altered Iran's leverage in negotiations. Wright reported that oil and natural gas flows through the Strait of Hormuz have returned to normal levels, with 67 ships passing through the previous day. He expressed confidence that energy prices will continue to decline, attributing this to increased American production and cooperation with global energy producers. When asked about the implications of a potential breakdown in negotiations, Wright acknowledged the risks but maintained that energy prices would still trend downward. He also addressed President Trump's comments regarding the risks of global depression should tensions escalate, asserting that the actions taken against Iran were necessary for long-term stability. Wright concluded that the U.S. has significantly degraded Iran's missile capabilities, which he described as a substantial achievement.