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macroJun 10, 2026, 5:06 PM

US Energy Secretary Wright Unaware of Oil Trump Claims Taken from Iran

US Energy Secretary Wright said he has no knowledge of the oil that President Trump claimed the US is extracting from Iran, which Trump cited as a reason US oil prices fell toward $85 per barrel.

USOIL

Energy Secretary Chris Wright stated that he is not aware of any oil that the United States is taking from Iran, directly contradicting a claim made by President Trump. Trump had previously stated that oil extracted from Iran was a major factor behind the recent drop in US crude prices toward $85 per barrel.

Wright’s remark casts doubt on the factual basis of Trump’s assertion, though no further details or evidence were provided. The price of US oil has indeed moved lower in recent sessions, but the exact drivers remain debated among traders and analysts.

Source: The Kobeissi Letter