Energy Secretary Chris Wright confirmed on September 6 that US naval forces are actively escorting commercial tankers through the Strait of Hormuz, as tensions with Iran have made unescorted passage dangerous. Current oil flows are averaging approximately 9 million barrels per day, compared to roughly 20% of the world’s crude that moved through the strait before the conflict intensified in 2026. Brent crude has swung from the low $70s to near $100 per barrel depending on geopolitical developments. The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf to the Gulf of Oman and remains a critical corridor for global energy trade.
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