VP Vance and oil group to discuss rising energy costs

VP Vance meets oil leaders Thursday to address rising gas prices following strikes in Iran. The administration expects to announce new measures within 48 hours.

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The United States executive branch is moving to address a sharp spike in energy costs as Vice President JD Vance and Energy Secretary Chris Wright prepare for a high-level meeting with the American Petroleum Institute (API). The discussions, scheduled for Thursday, aim to stabilize domestic markets and address supply concerns amid heightening tensions in the Middle East following the outbreak of conflict involving Iran.

U.S. Vice President JD Vance addresses the press at Joint Base Andrews in Maryland before his trip to Michigan on March 18, 2026. Photo by Elizabeth Frantz/Pool via REUTERS
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