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Iran Holding World Economy Hostage, Interior Sec. Burgum Says

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsElections & Domestic Politics

Interior Secretary Doug Burgum said the Trump administration is taking steps to increase U.S. energy production amid the war in Iran. The announcement is a policy signal aimed at bolstering supply and could be modestly supportive for oil and gas markets if actions are implemented, but contains no concrete measures or timing to immediately move prices.

Analysis

Interior Secretary Doug Burgum said the Trump administration is taking steps to increase U.S. energy production amid the war in Iran. The announcement is a policy signal aimed at bolstering supply and could be modestly supportive for oil and gas markets if actions are implemented, but contains no concrete measures or timing to immediately move prices.

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