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Wright to Breitbart: Energy Dominance Kept Oil Prices Down Through a Middle East Conflict, June 24, 2025

June 24, 2025 · U.S. Department of Energy · 0:37:45

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

What happened

Energy Secretary Chris Wright told a Breitbart event that, with a major Middle East conflict under way after a 40-plus-year lead-up involving Iran, the price of oil was lower than when the fighting started — a transformation he called a testament to President Trump’s energy dominance agenda, according to Wright. He said the United States is by far the largest oil producer in the world and, by a factor of two, the biggest natural gas producer, with a rational policy under which American energy exports will grow, according to the interview.

Wright contrasted the posture with the previous administration, which he said shunned Arab allies and stopped enforcing sanctions, letting Iran gain another $100 billion from energy export sales, according to his remarks. He said oil was down about 4.5 percent that day to about $65 a barrel and that gasoline prices at peak summer demand were the lowest in inflation-adjusted terms in 20 years except for the COVID period, according to Wright.

Asked about the president’s ‘drill, baby, drill — and I mean now’ post directed at the Energy Department, Wright said no hundred rigs stood up in that moment, but the words send a message of permanent commitment to American energy production, aligned with Arab nations and Israel in viewing Iran as the problem and peace and commerce as the solution, according to the interview.

Why it matters

The long-form interview is the secretary’s energy-dominance thesis with its supporting price claims stated together — the record this page preserves is the argument as he made it in June 2025.

Sources: U.S. Department of Energy, “Secretary Wright Tells Breitbart How Trump’s Agenda Unleashes U.S. Energy Dominance - June 24, 2025”, 2025-06-24 (official upload, embedded above; published 2025-06-24). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.