×

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

By Thomson Reuters Apr 30, 2026 | 10:04 AM

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)