Chris Wright in the news as energy chief weighing hawkish moves amid Iran war fuel shudders. Biog: US energy secretary, born 1965.
As of mid-March 2026, Iran exerts selective control over the Strait of Hormuz, a vital maritime chokepoint through which 20% of global oil passes daily. Since the US-Israel strikes on February 28, multiple attacks on vessels have disrupted traffic, causing tanker flows to collapse by over 90%. Iran allows limited passage to allies via negotiated safe corridors, while many ships transit with tracking systems off. The US has deployed Marines and threatens military action if Iran mines the strait.
Iran's blockade of the Strait of Hormuz persists amid ongoing conflict, but recent reports indicate some non-Iranian ships, including Pakistan's Karachi, have passed with AIS signals on, suggesting limited diplomatic negotiations. The situation remains tense as Iran continues to threaten closure, impacting global oil supplies.
California fuel costs have surged, with a Los Angeles Chevron charging $8.21 for a regular gallon amid a statewide average above $5.00. The spike comes as prices nationwide rise amid geopolitical tension, refinery issues, and climate rules. Lawmakers warn a broader statewide impact future price shocks.
The Biden administration has authorized the restart of offshore oil pipelines off California, reversing state bans amid supply concerns caused by global tensions and the war in Iran. California officials oppose the move, citing legal and environmental issues, while the federal government emphasizes energy security and military readiness.
The Trump administration ordered the restart of the Santa Ynez offshore oil pipeline in California, citing national security and supply concerns. This move, opposed by California officials, follows a 2015 spill and legal battles over environmental regulations. The restart aims to address supply disruptions caused by California's restrictions and global oil market pressures.
As of March 24, 2026, the US and Israel continue intense airstrikes against Iran, targeting military and nuclear sites. Iran rejects ceasefire talks, demanding a permanent end with guarantees. The Strait of Hormuz remains blocked, disrupting global oil supplies. President Trump signals readiness to act alone, while regional tensions and evacuations escalate.
Israel and the US have conducted extensive strikes against Iran, killing top officials and degrading military capabilities. Despite tactical successes, Iran remains in control, and regime collapse is unlikely soon. The conflict continues with ongoing regional tensions and military operations.
The Portsmouth Gaseous Diffusion Plant in Ohio is being transformed into the PORTS Technology Campus, featuring a 10-gigawatt data center and up to 10 gigawatts of new power generation, including natural gas. The project aims to support AI, fusion energy, and national security research, creating thousands of jobs.
On March 19-20, 2026, the US Treasury announced plans to temporarily lift sanctions on approximately 140 million barrels of Iranian oil stranded at sea. This move aims to increase global oil supply and reduce soaring prices caused by Iran's closure of the Strait of Hormuz and ongoing conflict. The waiver would allow sales mainly to markets beyond China for 10-14 days, while the US also plans additional releases from its Strategic Petroleum Reserve.
Vermont's climate superfund law, designed to fund climate adaptation projects, faces legal challenges from industry groups claiming it oversteps state authority. The law, inspired by federal legislation, aims to hold polluters accountable but is contested by the federal government and industry groups, with potential implications for other states considering similar laws.
State officials are calling for a court order to stop Sable Offshore from using a pipeline through Gaviota State Park. The pipeline has been idle since 2015 after a major spill, but the Biden administration has invoked the Defense Production Act to restart operations, citing national security and energy needs. Legal battles are intensifying as California authorities oppose the federal move, arguing it oversteps state rights. Sable has already produced over 1 million barrels and plans to increase output with new wells. The case highlights tensions between federal authority and state regulations amid ongoing energy security concerns.
President Donald Trump has said he will suspend the 18.4ยข federal gasoline tax "till it's appropriate" to ease rising pump prices; he has endorsed legislation Sen. Josh Hawley is introducing but cannot act unilaterally. Suspension would cut roughly 4% from retail prices and would reduce funds for the Highway Trust Fund.