US Energy Secretary Chris Wright Talks Oil Flows Through Strait of Hormuz
About this episode
US Energy Secretary Chris Wright discusses the current state of oil flows through the Strait of Hormuz amidst the ongoing Iran war.
Roughly 7 million barrels of daily oil and fuel shipments are flowing through the Strait of Hormuz, or about half of the volumes stranded at the start of the Iran war, says US Energy Secretary Chris Wright. Speaking during the Bloomberg Energy Executive Briefing in Houston on Friday morning, Wright says the US will fully reopen the waterway with or without Iran’s assistance. At the start of the war in late February, about 20 million barrels of daily shipments were stranded as the strait was effectively shut. Several million barrels were diverted to alternative ports outside the Persian Gulf, leaving about 14 million trapped, Wright says. See omnystudio.com/listener for privacy information.
People in this episode
Host: Bloomberg
Guest: Chris Wright
Topics covered
- oil shipments
- Strait of Hormuz
- US energy policy
- Iran conflict
- global oil market
Mentioned in this episode
Organizations: Bloomberg
Places: Strait of Hormuz, Iran
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