Arabian Gulf oil flows have held near 14 million barrels a day despite the latest escalation in tension between the U.S. and Iran, U.S. Energy Secretary Chris Wright said on Sunday.
"The seven-day trailing average right now is just under 7 million barrels a day" through the Strait of Hormuz, Wright told ABC News’ Jonathan Karl on "This Week." There are just under 7 million barrels a day bypassing the strategic waterway through pipelines, two-thirds of pre-conflict flow, he added.
"That is dramatically up from where we were in March when I was last on your show," Wright said.
Oil is moving through a southern route near the Omani coastline "that’s protected by American infrastructure," Wright said. "The ship numbers are down more dramatically, but of course we’re flowing larger tankers now to keep the world markets as well supplied as we can."
The conflict has disrupted crude flows through the Strait, tightening near‑term supply as shippers face delays and elevated risk along the world’s most critical energy chokepoint. Before the conflict, about 20 million barrels a day flowed through the waterway.
