U.S. Energy Secretary Says Navy Will Continue Escorting Tankers Through the Strait of Hormuz

According to Jin10, U.S. Energy Secretary Wright said on Sunday that U.S. Navy escort vessels are helping tankers pass through the Strait of Hormuz and that the escort operation will not end soon. Wright said the Navy is ensuring that many ships pass through the waterway, that U.S. military involvement is necessary, and that Iran is still causing trouble, but the U.S. Navy is winning the battle. He said the average daily volume of oil passing through the Strait of Hormuz is now more than 9 million barrels, and that the region's oil transport volume has recovered to two-thirds or more of its pre-conflict level as more crude oil and refined products move through pipelines and other routes. Last week, Wright said about 17 million barrels of oil passed through the Strait of Hormuz on Monday. Wright also said unleaded gasoline prices may fall as the summer driving season ends and federal blending policy adjustments increase supply.