Oil & gas

The Hill - President Trump told The Hill on Monday that he disagreed with Energy Secretary Chris Wright’s assessment that gas prices may not drop below $3 per gallon until next year. 

Bloomberg - At the pump, US gas prices may remain at $3 per gallon or even higher until next year, Energy Secretary Chris Wright told CNN. That’s at odds with Treasury Secretary Scott Bessent’s more upbeat outlook for relief by the summer. He said last week he was “optimistic” that prices will ease over the crucial summer driving season.

NBC News - The price of oil jumped sharply and stock futures tumbled last night as traders digested renewed tensions over the Strait of Hormuz.