Interior Secretary Burgum addresses oil execs as Trump hints at war end

HOUSTON — Interior Secretary Doug Burgum will address oil and gas executives on Wednesday, as President Donald Trump has suggested a possible negotiated end to the U.S. war against Iran. 

Burgum will speak at S&P Global’s CERAWeek energy conference in Houston, Texas. The event draws leading energy executives and senior government officials from around the world. 

U.S. oil prices have fallen more than 10% this week after Trump said the U.S. and Iran are holding negotiations. The administration has presented Tehran with a 15-point plan to end the war, two unnamed officials told The New York Times.

Iranian state media, however, reported that the Islamic Republic will not accept a ceasefire offer.

Trump is expected to send thousands of additional troops to the Middle East, raising the possibility of a ground war, two unnamed sources told Reuters.

Investors will be looking for updates from Burgum, who also chairs Trump’s energy dominance council, on the U.S. war against Iran and what measures the White House is taking to reduce energy prices.