Watch Interior Secretary Burgum address oil industry as Trump hints at negotiated end to Iran war

[This stream is slated to begin at 9:40 a.m. ET]

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.