Ship traffic through Strait of Hormuz is rising, Wright says

Investing.com -- Ship traffic through the Strait of Hormuz is increasing substantially as the conflict with Iran continues, U.S. Energy Secretary Chris Wright said Tuesday.

Wright made the statement during an Atlantic Council conference. He added that restoring normal energy flows would require many months after the war ends.

The Strait of Hormuz serves as a critical waterway for global energy transportation and has been effectively closed since the onset of the U.S.-Israel war against Iran.

You May Also Be Interested In

• Wright: in the last 24 hours, 72 ships and 20 million barrels of oil have transited through the Strait of Hormuz
• Qualcomm to launch data center CPU in mid-2028 - Data Center Chief
• Dr. Christina Rahm and DRC Ventures Accept Prestigious Gold Stevie(R) Award for Patent-Driven Manufacturing Innovation