politics

Duffy: Energy prices will drop 'once the Strait opens'

The Hill · May 4, 2026, 2:50 AM · Also reported by 3 other sources

Why this matters: political developments that affect policy direction and public trust.

Transportation Secretary Sean Duffy said Sunday that energy prices will go down after the Strait of Hormuz, which has been closed amid the U.S. conflict against Iran, is opened again. “Well, listen, so I'm at [the Department of Transportation (DOT)], I'm not in the energy sector. But, from all the b

Read full story on The Hill → More top stories

Also covered by

Investing.com Energy prices to fall later this year, says Treasury Secretary Bessent says Al Jazeera Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market Yahoo Finance 3 Utility Stocks Built for a World of High Energy Prices and Grid Strain

Aggregated and edited by the Scoop newsroom. We surface news from The Hill alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop

Duffy: Energy prices will drop 'once the Strait opens'

Also covered by

More in politics