According to U.S. Energy Secretary Chris Wright, what is the current trend in oil exports through the Strait of Hormuz, and how does he characterize the change?

U.S. Energy Secretary Chris Wright stated that oil exports through the Strait of Hormuz and the Gulf are 'rising very meaningfully' compared to a week or two prior, and that these exports 'will continue to rise.' He made this assessment during an Atlantic Council conference, emphasizing the upward trajectory despite ongoing U.S.-Iran tensions and the more than three-month-old war.

What impact have disruptions in the Strait of Hormuz had on global energy supplies and prices, and what recent development caused a drop in Brent oil prices?

Disruptions to vessel movements in the Strait of Hormuz—largely blocked since late February due to U.S. and Israeli strikes on Iran—interrupted around 20% of global oil and liquefied natural gas supplies, triggering a surge in global energy prices and upending economies worldwide. On Tuesday, global Brent oil prices fell more than 3% to $91.34 a barrel after Iran and Israel halted strikes on each other following an appeal from President Trump, though both sides warned hostilities could resume.