March 23, 2026
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40:57Now PlayingPresident Trump says talks with Iran started after the US threatened to strike energy sites.
Trump says that talks started “last night, a little bit the night before that” The President also spoke on voter verification stating he will be 'tying' voter is and DHS funding together. He spoke at the Memphis Safe Task Force Roundtable in Memphis Tennessee. US President Donald Trump’s energy chief downplayed the impact the US-Israeli war with Iran is having on energy markets, saying prices haven’t risen enough to trigger “meaningful demand destruction.”
“Markets do what markets do,” Energy Secretary Chris Wright said during remarks at the CERAWeek by S&P Global conference in Houston on Monday. “Prices went up to send signals to everyone that can produce more.”
Read More: ‘This Is Going to Cripple Our Economy’: Diesel Spooks Businesses
Wright was responding to a question about the impact of the effective closure of the Strait of Hormuz, a vital waterway for substantial portions of global oil and gas shipments. The global Brent benchmark has surged since the conflict erupted on Feb. 28, at times approaching $120 a barrel.
Wright said the near-total closure of Hormuz will be temporary and noted the Trump administration has taken steps such a lifting some sanctions to boost available crude supplies.
Read More: Petrochemical Prices Jump as Much as 50% Fanning Inflation Fears
“This is a conflict that we simply couldn’t kick down the road one more administration,” Wright said.
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