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U.S. Energy Secretary reports 18 million barrels of oil pass Hormuz
US Energy Secretary Chris Wray confirmed that 18 million barrels of oil passed through the Strait of Hormuz on Tuesday, emphasizing that increasing supply flows through the Bab el-Mandeb Strait would be beneficial. Oil exports from the Gulf have been raised to near pre-conflict levels, while the Trump administration is considering activating the Defense Production Act to boost US refining capacity, alongside discussions of an American oil investment in Venezuela.
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