Wright: U.S. Ends Iran's Hormuz Threat, 19M Barrels Flow
U.S. Energy Secretary Chris Wright said American action has ended Iran's ability to close the Strait of Hormuz, citing 72 ships carrying 19 million barrels of oil through the waterway in the past 24 hours. The claim, if accepted by markets, could reduce the longstanding geopolitical risk premium in global oil prices.