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From the Liveblog of
Tuesday, April 14, 2026
From the Liveblog of
Tuesday, April 14, 2026
US energy secretary warns oil prices likely to rise until ‘meaningful’ traffic resumes through Hormuz
Add ToI as a Preferred Source on GoogleOil prices are likely to continue rising until “meaningful” ship traffic resumes through the Strait of Hormuz, likely in the next few weeks, US Energy Secretary Chris Wright says.
Wright tells the Semafor World Economy forum in Washington that despite previous comments he made that oil prices would likely come down soon, they are likely to stay high or even rise until a substantial flow of traffic resumes through the Straight of Hormuz.
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