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U.S. Energy Sec Secretary on Navy Oil Escort
U.S. Energy Secretary Chris Wright confirmed that the U.S. Navy will continue to protect oil tankers in the Strait of Hormuz, where more than 9 million barrels pass daily. Tensions with Iran persist, after its forces targeted two American warships with ballistic missiles. He stated that the presence of U.S. forces is necessary to ensure the flow of oil, and that other countries such as Britain, France, and South Korea are considering joining efforts to secure navigation. He also noted that U.S. fuel prices reached record levels in September, with the average price of a gallon of gasoline hitting $4.15, though it is expected to decline soon after the summer driving season ends.
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