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US Says Hormuz Is Under Control. Oil Markets Say Otherwise

Oil prices have surged above $107 as shipping through the Strait of Hormuz remains constrained and attacks threaten alternative Gulf export routes.

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The seven-day moving average of oil shipments through the Strait of Hormuz, escorted by the US Navy, is increasing and will continue to increase, US Energy Secretary Chris Wright said, quoted by Reuters, BTA reports. He spoke at a press conference in Vienna in connection with a meeting of the International Atomic Energy Agency (IAEA). "The trend in this seven-day moving average is upward and will remain so," Wright said. The minister specified t…

The seven-day average of clandestine oil shipments tracked by the US Navy through the key Strait of Hormuz has seen steady growth and is expected to continue, US Energy Secretary Chris Wright confirmed.

·Bosnia and Herzegovina
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fakti.bg broke the news on Monday, September 14, 2026.
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