Energy Prices Will Drop When U.S. Disables Iran’s Ability to Attack Tankers in Strait of Hormuz: Wright U.S. Energy Secretary Chris Wright claimed energy prices will decline once the United States significantly reduces Iran’s capacity to target tankers in the Strait of Hormuz. Wright emphasized that a single large tanker recently navigated the strait without incident, and the process of restoring safe passage will take “weeks, certainly not months.” Global energy prices have surged since the conflict began, with oil prices exceeding $90 per barrel and continuing to rise. Wright stated that the U.S. is intensifying efforts to neutralize Iran’s ability to disrupt tanker traffic through the strait, which is a critical route for 20% of the world’s energy supply. “We’re massively attriting their ability to strike with missiles and drones,” Wright said during an interview on Fox News Sunday. “That rate of attrition will increase in the coming days. Energy will flow soon.” The Strait of Hormuz remains a focal point for global energy markets, as approximately 20% of the world’s oil supply passes through the narrow waterway. The ongoing conflict has exacerbated bottlenecks, contributing to record-high prices. In the U.S., average gas prices have climbed to over $3.46 per gallon, while crude oil prices have surpassed $91 per barrel, with Brent crude reaching more than $92 per barrel. Wright’s comments align with broader concerns about the economic impact of the war. President Donald Trump, who previously campaigned on promises to lower gas prices and combat inflation, has repeatedly highlighted the issue ahead of the November midterm elections. However, the current crisis has led to persistent spikes in energy costs, underscoring the urgency of resolving the situation in the Strait of Hormuz. The U.S.#iran #strait_of_hormuz #u_s #chris_wright #fox_news_sunday
