Energy Secretary Wright: Strait of Hormuz oil traffic rising 'very meaningfully' despite Iran War disruptions
By
Alex Harring
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
U.S. Energy Secretary Chris Wright stated that oil traffic through the Strait of Hormuz is rising "very meaningfully" and will continue to increase, despite the passageway being impacted by the Iran War. Speaking at an energy conference, Wright confirmed that describing oil export volumes from Hormuz as increasing is a fair statement, and predicted shipments will keep rising. His comments are supported by recent data from the IMF's Port.
Key quotes
· 3 pulledI would say [it's] rising very meaningfully.
Wright said that describing the volume of oil exports out of Hormuz as increasing is a 'fair statement'
shipments 'will continue to rise' in the future
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