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Energy secretary: Strait of Hormuz will reopen ‘sometime this summer at latest’
Wright said the U.S. could force the reopening if Iran keeps the shipping route closed, while natural gas exports are rising by 2.5 bcf a day.
- Energy Secretary Chris Wright said on Friday the Strait of Hormuz will reopen "sometime this summer at the latest," emphasizing that diplomatic resolution is preferable to military intervention.
- Amid a fragile ceasefire mediated by Pakistan since April, the United States and Iran continue to trade accusations of violations, while uncertainty surrounds Tehran regarding new supreme leader Mojtaba Khamenei's status.
- To offset 10 billion cubic feet of daily supply lost to the interruption, the United States is increasing natural gas exports by 2.5 billion cubic feet per day as national gasoline prices average $4.53.
- President Donald Trump proposed a moratorium on the 18.4-cent federal gas tax this week to provide relief, though House Democrats warned the move could undermine the Highway Trust Fund without guaranteeing consumer savings.
- Wright noted that internal regime confusion could eventually lead to change in Iran, potentially benefiting the 90 million Iranians, while warning that military action remains possible if the economy continues being held hostage.
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Chris Wright, Secretary of Energy, considers the date of reopening of the Strait of Ormuz to be close, although another military offensive is used to achieve this.
Energy Secretary: Hormuz Will Reopen by Summer's End
Predicting a deal with Iran could come within days while warning the U.S. military stands ready to force the waterway open if Tehran refuses, Energy Secretary Chris Wright projected Friday the Strait of Hormuz will reopen sometime this summer at the latest.
·Washington, United States
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Total News Sources15
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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