Wright and Burgum: Trump administration has no plan to restrict US oil and gas exports

Energy Secretary Chris Wright and Interior Secretary Doug Burgum posted simultaneous statements on social media on Thursday afternoon, directly addressing market concerns about US energy export restrictions in the context of the Iran war. Both Cabinet members said: 'Thanks to @POTUS, the United States is the world's top oil and natural gas producer. We are also the largest natural gas exporter and a top oil exporter. To be clear, the Trump administration has no plan to implement restrictions on oil and gas exports.' The statements are a direct market signal: the US will not restrict exports even as global energy prices surge from Iranian Gulf infrastructure attacks. They also implicitly push back on speculation that the US might impose export controls to protect domestic consumers from the $118/bbl oil price spike. Bessent's concurrent suggestion to unsanction Iranian oil and release the SPR are the administration's preferred supply-side tools instead.