- Donald Trump publicly rebuked his Energy Secretary, Chris Wright, over predictions regarding the duration of high gas prices.
- Secretary Wright had stated that elevated gas prices, stemming from a global supply shock, might persist until 2027.
- Trump countered, insisting that gas prices would fall immediately once a peace agreement is finalized to end the conflict in Iran.
- Iranian forces announced the Strait of Hormuz would remain closed, linking its reopening to the lifting of the U.S. naval blockade, which has caused oil prices to spike.
- The disagreement occurs as a two-week ceasefire between the U.S. and Iran is set to expire, with ongoing diplomatic efforts facing Iran's stated non-participation in talks.
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