What did U.S. Energy Secretary Chris Wright say about current oil flows through the Strait of Hormuz and their significance?

U.S. Energy Secretary Chris Wright stated that crude oil flows through the Strait of Hormuz are 'near normal'—with approximately 20 million barrels exiting in the last 24 hours, amounting to about a fifth of global daily consumption—and comparable to levels before the Iran war began. He emphasized that these flows are sustained with military escorts, and even if the recent U.S.-Iran agreement to end the conflict unravels, oil will continue moving through the strait because Iran 'will not have the ability to close the Strait of Hormuz,' as its military is depleted and its key leverage has been neutralized.

What challenges remain for full normalization of shipping through the Strait of Hormuz, according to Wright?

According to Wright, full normalization of navigation through the Strait of Hormuz is delayed by the presence of mines, forcing many vessels to avoid the main channel and instead sail closer to the Iranian coast or along the southern route near Oman under military escort. He noted that returning to complete normalcy requires demining the strait, which he estimated would take 'probably a few weeks' effort.'

US Energy Secretary Says Oil Flows Through Hormuz Strait Near Normal

Jun 24, 2026

U.S. Energy Secretary Chris Wright stated crude oil flows through the Strait of Hormuz are near normal, with 20 million barrels exiting daily. Benchmark prices fell as supply concerns eased following military escorts and conflict agreements.

reuters

2026-06-24

US Energy Secretary Says Oil Flows Through Hormuz Strait Near Normal

US Energy Secretary Says Oil Flows Through Hormuz Strait Near Normal

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