What did US Energy Secretary Chris Wright say about the likelihood of a breakthrough agreement with Iran regarding safe passage through the Strait of Hormuz?

Wright stated, 'Counting on a consensual agreement with Iran today is certainly not a good bet,' and cautioned oil traders against expecting such a breakthrough, emphasizing that markets must continue relying on existing transit workarounds supplying about 10 million barrels per day of crude and oil products.

What did Chris Wright say about Iran's nuclear program and the US position toward it?

Wright declared that Iran's nuclear program will end 'one way or another,' stating the US prefers negotiation but warned that if Iran continues its 'covert, buried, lied-about, hidden nuclear weapons program,' it will face the US military to prevent nuclear weapon development; he also stressed that having 'no inspectors on the ground, no visibility' constitutes a serious level of noncompliance.

US Energy Secretary Downplays Hormuz Breakthrough Chances With Iran

Sep 13, 2026

US Energy Secretary Chris Wright warned against expecting an Iran deal on the Strait of Hormuz, noting markets remain tight but manageable. Simultaneously, the US plans to bolster its domestic uranium supply chain amid nuclear program concerns.

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US Energy Secretary Downplays Hormuz Breakthrough Chances With Iran

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