Energy & Petrochemicals #oil#hormuz strait
Oil Flows Through Hormuz Strait Close to Normal, US Energy Secretary Says
U.S. Energy Secretary Chris Wright said crude oil flows through the Strait of Hormuz are near pre-conflict levels, with 20 million barrels and 72 ships transiting in the last 24 hours. Benchmark oil prices fell more than $3 to their lowest since before the Iran war began in February, as supply disruption fears recede. Wright also noted Venezuela's oil exports are rising and could double to 2 million barrels per day by 2029.
Jun 25, 2026 1 source