Trump administration weighing measures to soon increase US oil output, Hassett says

Reuters

Thu, April 30, 2026 at 3:04 PM UTC

1 min read

FILE PHOTO: Kevin Hassett, director of the National Economic Council, participates in the Semafor World Economy conference in Washington, D.C., U.S., April 14, 2026. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON, April 30 (Reuters) - The Trump administration is talking to ‌oil companies and considering ‌measures to increase production in the United States "really soon" to ease the impact of the Iran war on energy supplies, White ‌House economic ⁠adviser Kevin Hassett said on Thursday.

"We've been in ⁠constant communication with the oil companies, and have been considering measures that we could take here ‌in the U.S. to increase U.S. production really soon," Hassett told reporters at the White House.

"There are things, regulations that ‌are holding up, like how quickly stuff could come through ... and ‌we're studying those, how we can change those, and we've been talking to oil companies about ‌that," he added.

(Reporting by Daphne Psaledakis and Ismail Shakil;Editing by David Ljunggren)

Top Stories: