Energy Secretary Chris Wright Says Hormuz Oil Flows Surpass Prewar Levels as US, Gulf Allies Step Up Coordination—Trump Claims ‘100% Control’ of the Strait
Chris Wright says oil flows through the Strait of Hormuz surged beyond prewar levels, with exports topping 20 million barrels a day.
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Why It Matters
Oil shipments through a major ocean route are flowing more than before, which means energy supply is strong right now. When oil supply is plentiful and moving smoothly, energy companies and the whole economy can work better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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