business

US Energy Secretary Reports Restoration of Half of Hormuz Oil Shipments

12 Haziran 2026Bloomberg

US Energy Secretary Chris Wright announced that approximately 7 million barrels of oil and fuel shipments are currently flowing through the Strait of Hormuz. This figure represents about half of the volumes that were stranded at the onset of the Iran war.
Wright made these remarks during a Bloomberg Energy Security Executive Briefing in Houston.
The Strait of Hormuz is a critical chokepoint for global oil shipments, with a substantial portion of the world's oil passing through this narrow waterway. The ongoing conflict in Iran has raised concerns about the security of these shipments, making the restoration of flow particularly noteworthy.
The restoration of oil shipments through the Strait of Hormuz is a significant development amid ongoing tensions in the region. While the resumption of half the volumes is a positive sign for global energy markets, it also highlights the fragility of supply chains in conflict zones.

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This summary is based on information from Bloomberg and is intended for informational purposes only.