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Secretary Wright on Bloomberg: No Compromise on a Nuclear-Armed Iran, No Export Ban

April 28, 2026 · U.S. Department of Energy · 0:06:58

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

What happened

Energy Secretary Chris Wright, speaking to Bloomberg Surveillance from Dubrovnik, Croatia, said Iran has limited oil storage capacity and old, low-pressure reservoirs that would be badly damaged by a shut-in, and he noted an outside estimate of 12 to 22 days of storage before Iran would have to shut in production, according to the interview. Wright said roughly 1,000 pounds of 60-percent-enriched uranium in Iran has no peaceful commercial use and could be turned into bomb-grade material in 10 days to two weeks, and he said the critical outcome is ending Iran’s ability to have a nuclear weapon, with no compromise on that principle, as stated in his remarks.

On gasoline prices above $4 a gallon, Wright pointed to a Jones Act waiver extension and EPA summer blending announcements that let refineries produce more gasoline, while noting California and New York did not go along, according to the interview. He said American oil production and exports to allies are at record highs and that prices remain about $1 a gallon cheaper than in the middle of the Biden administration, as stated in his remarks.

Wright flatly denied that the administration is considering an export ban, saying he was in Croatia signing multi-billion-dollar deals to sell American energy exports, according to the interview. He described a ‘Trump peace pipelines’ agenda to expand pipeline connections among European nations so the region can import U.S. oil and gas rather than depend on Russia, and said a couple of historic agreements would be announced that day, as stated in his remarks. He argued that U.S. refinery capacity exceeds domestic consumption, so exports raise refinery throughput and push prices down rather than up, according to the interview.

Why it matters

The Bloomberg appearance combines the administration’s Iran pressure case — a storage clock and an enrichment claim — with an explicit no-export-ban commitment made while signing European energy deals.

Sources: U.S. Department of Energy, “Secretary Wright Joins Bloomberg Surveillance - April 28, 2026”, 2026-04-28 (official upload, embedded above; published 2026-04-28). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.