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Strait of Hormuz oil flow ‘back towards normal’: Energy secretary

Strait of Hormuz oil flow ‘back towards normal’: Energy secretary

Summary

Energy Secretary Chris Wright reported that oil shipments through the Strait of Hormuz are returning to normal after concerns about a possible closure by Iran. This statement came one day after Iranian officials warned they might close the waterway due to Israeli attacks in Lebanon.

Key Facts

  • The Strait of Hormuz is an important and busy route for global oil shipments.
  • Iranian officials suggested closing the strait because of Israeli strikes in Lebanon.
  • Energy Secretary Chris Wright said on Sunday that oil flow is moving back toward normal levels.
  • On Saturday, 67 ships passed through the strait, showing continued activity.
  • The information was shared by an official from the Trump administration.
  • The concern about closure affected global energy market attention and security.
  • Strait of Hormuz closure could disrupt worldwide oil supply.
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