Energy secretary: US ‘will continue to assure flow of traffic’ through Strait of Hormuz amid reignited Iran war
Commercial traffic through the waterway remains reduced as U.S. officials say they will keep oil flows moving and protect global energy supplies.
- On Sunday, Energy Secretary Chris Wright affirmed the United States will continue to assure commercial traffic through the Strait as Arabian Gulf oil flows held near 14 million barrels a day amid escalating regional tensions.
- CENTCOM forces launched consecutive military strikes against Iranian coastal surveillance and missile sites to degrade capabilities after Iran attacked eleven vessels since June 25, keeping the threat level at "Severe."
- Shipping data shows the seven-day trailing average remains under 7 million barrels a day, with Energy Secretary Wright noting oil now moves through a southern Omani route "that's protected by American infrastructure."
- International Energy Agency Executive Director Fatih Birol warned Thursday that the global economy faces potential slowdowns unless the Strait becomes "fully open, unconditionally open" within weeks to ease energy market constraints.
- While Iranian officials accused the United States of acting like "pirates," Energy Secretary Wright stated the administration remains open to a peaceful agreement with Iran if Tehran is ready to negotiate.
22 Articles
22 Articles
US Central Command (CENTCOM) claimed that the Strait of Hormuz remains open and commercial ships continue to pass through it with US military support.
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In the aftermath of two American soldiers officially being declared killed, the Trump administration’s Energy Secretary Chris Wright informed the media that the US mission in Iran is no longer about destroying Iran’s alleged nuclear weapons program or even regime change. Instead, the American energy chief defined the US military’s mission as centered on ensuring the continued flow of oil through the Strait of Hormuz (SoH) to keep the world’s ene…
LNG Shipments Through Strait of Hormuz Grind to a Halt as Conflict Escalates
Exports of liquefied natural gas via the Strait of Hormuz appear to have ground to a halt over the past three days, data from tanker-tracking firms have suggested, while oil tanker traffic has shrunk considerably, Reuters reported today. ING analysts, meanwhile, wrote in a note today that the latest hostilities would have a more serious impact on gas markets than oil markets, based on the previous rate of export recovery in the Gulf following th…
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