BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)
By

ABU DHABI: US Energy Secretary Chris Wright said on Friday that the United States could stop Iran’s oil exports as part of President Donald Trump’s plan to pressure Tehran over its nuclear programme.

The January return to the White House of Trump, who in his first term withdrew the US from a 2015 nuclear accord with Tehran and clamped down on its oil exports, has again brought a tougher approach to the Middle Eastern power over its nuclear work.

Wright, speaking to Reuters on a visit to Abu Dhabi, said he thought the Gulf allies of the United States were extremely concerned about a nuclear-powered Iran and shared the US resolve that this is an outcome that is in no one’s best interest.

Iranian oil exports recovered under Joe Biden, who became president after Trump’s first term, and so far in 2025 have yet to show a decline, according to industry data.

China, which opposes unilateral sanctions, buys the bulk of Iran’s shipments. “That’s actually very doable. President Trump actually did it in the first term,” Wright said when asked how the United States can enforce its maximum pressure policy on Tehran.

“We can follow the ships leaving Iran. We know where they go. We can stop Iran’s export of oil.” Asked if the US would directly stop Iranian ships at sea, he said, “I’m not going to talk about the specific methodology of how that’s going to happen. But can we turn the screws on Iran? 100%.”

Iran said on Friday that it was giving high-level nuclear talks with the United States on Saturday “a genuine chance” after Trump threatened bombing if discussions failed.

Asked if military action against Iran would lead to regime change, he said he would not talk specifics but “everything is on the table.” “In the short run, because of the strength of American energy production and our relations with our allies, we’re going to tighten the sanctions and tighten the ability for Iran to export oil. You start economic, you start with negotiations, we hope that’s enough.

But the end of the day is, no nuclear armed Iran.“ OIL PRICES Wright also predicted that there would be a positive outlook for oil demand and supply in the next few years under Trump’s policies, and the concern of markets about economic growth will be proven wrong. Comfortable oil price levels are “not meaningfully different from where we are today,” he said.

Comments

Comments are closed for this article.