U.S. Energy Secretary Chris Wright says Arabian Gulf oil flows remain near 14M barrels a day despite rising U.S.–Iran tensions and renewed attacks in the Strait of Hormuz.

Oil prices surged due to US-Iran tensions threatening supply. New all-time high for crude oil by September 30 at 5.1% YES, by December 31 at 12.5% YES.

Shipping in the Persian Gulf nears halt amid US-Iran conflict. Crude oil reaching a new all-time high by December 31 at 9.5% YES.

According to Wright, around 14 million barrels of oil is coming from the Middle East region daily

U.S. Energy Secretary Chris Wright says Arabian Gulf oil flows remain near 14M barrels a day despite rising U.S.–Iran tensions and renewed attacks in the Strait of Hormuz.

Persian Gulf oil exports briefly recovered to pre-war levels before renewed U.S.-Iran hostilities disrupted tanker traffic through the Strait of Hormuz once again.