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The escalation between the United States and Iran has reached high levels, as U.S. Energy Secretary Chris Wray considered that reaching a nuclear deal with Iran might be impossible in the near future, amid ongoing military escalation and the imposition of sanctions. Wray explained that the tensions have led to a decline in shipping traffic through the Strait of Hormuz, which has substantially increased oil prices, as over 9 million barrels of oil pass daily through the strait. The U.S. military remains committed to protecting commercial transit in the region. He also noted that the situation is described as a dispute rather than a war, with the escalation between Washington and Tehran continuing and Iran's threats increasing.
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