A spike in oil prices resulting from the conflict between Iran and Israel only motivates the Trump administration to work harder to lift suffocating regulatory burdens on domestic energy production, Environmental Protection Agency Administrator Lee Zeldin told Newsmax on Tuesday.
Oil prices climbed more than 4% on Tuesday as the Iran-Israel conflict reached its fifth day, with no end in sight, Reuters reported.
In March, the EPA announced 31 deregulatory moves that it said would spur the U.S. economy by rolling back rules that, according to the Trump administration, have unfairly burdened the energy industry.
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