US energy secretary doubts Iran nuclear deal will happen
US Energy Secretary Chris Wright said a nuclear agreement with Iran may never happen, adding that the United States is degrading Tehran's nuclear capacity and will work with regional allies.
S. Energy Secretary Chris Wright has expressed skepticism about the possibility of reaching a nuclear agreement with Iran. S. and Iran enters its seventh month, with military actions and economic sanctions continuing to play a significant role.
Wright Expresses Doubts About a Potential Iran Nuclear Deal On Sunday, Wright shared his doubts about a potential nuclear deal with Iran during an appearance on ABC News’ “This Week,” as reported by CNBC. S. might instead focus on dismantling Iran’s nuclear capabilities. S.
commitment to preventing Iran from developing nuclear weapons, even if it requires ongoing military interventions. "We are degrading their capacity to develop nuclear weapons and ultimately to deliver them if they develop them. It is a 47-year-long effort. This is not trivial, but the United States will get the job done and we will work in cooperation with our allies in the region," he said.
Wright noted that these efforts could extend into future administrations, underlining the complexity of the situation. S. military’s primary objective, according to Wright, is to halt Iran’s crude exports to exert economic pressure on the regime. S.
actions. S. strikes on Iranian oil tankers, which were retaliatory measures against missile attacks by Iran’s Revolutionary Guard. S.
will continue to protect its forces and impose economic costs on Iran. Read Also: America's Housing Market Is Going K-Shaped — AI Millionaires Are Buying While Everyone Else Sits Out Trump Says US Has ‘Total Control’ Over Strait of Hormuz The ongoing conflict has significant implications for global oil markets and geopolitical stability. S. has “total control” over the Strait of Hormuz, a critical chokepoint for oil shipments.
However, shipping data indicates that commercial traffic remains severely constrained, with maritime traffic through the waterway dropping by 50%. In addition, Trump has urged oil companies to expand refining capacity to mitigate rising fuel costs amid the conflict. However, expanding refining capacity is not a straightforward solution, as it involves significant financial investments and time. Despite the volatility caused by the conflict, Trump has expressed confidence that the stock market will continue to rise, even as oil prices fluctuate.
He acknowledged the economic costs of confronting Iran over its nuclear program, predicting that oil prices would increase and the stock market might experience fluctuations. Read Also: Maye Musk Recounts 'Strange' Experience With Tesla's Cybercab Without a Steering Wheel And Pedals in 2024 Amid Austin Rollout: 'It Will Free Up…' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Photo courtesy: Shutterstock