Energy Secretary Chris Wright tells CNBC more than 17 million barrels of oil transited Hormuz on Monday
The Energy Secretary spoke to CNBC's Brian Sullivan in Venezuela Wednesday, after President Donald Trump announced a massive oil deal with Caracas.
TL;DR
- A record 17 million barrels of oil transited the Strait of Hormuz on Monday.
- U.S. Energy Secretary Chris Wright stated that oil exports from the region were higher than pre-war levels.
- The U.S. military is actively ensuring the safe passage of oil tankers through the strait.
- Iran is losing its ability to "hold the world economic hostage" due to these efforts.
- Iran has repeatedly attacked tankers using the U.S.-protected route, demanding they use a northern corridor.
- At least two tankers were attacked in the strait this week.