On July 19, local time, US Secretary of Energy Chris Wright said in an interview with the media that regardless of whether Iran cooperates or not, the US side will take steps to ensure the smooth flow of oil transportation in the Strait of Hormuz. Wright revealed current oil transportation data in this sea area. He pointed out that the current “seven-day cutoff average” of oil flow in the Strait of Hormuz is below 7 million b/d, and the oil supply in the entire Persian Gulf region is also slightly below 14 million b/d. Despite the tense situation, there are still ships passing through the strait according to the established route, and the US side is closely monitoring the traffic of large tankers. Wright stressed that considering the arrival of the peak summer driving season in the US and the upcoming midterm elections, the US government will take all necessary actions in the next few weeks and even months to lower domestic energy prices.

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