Bloomberg Surveillance · Monday, September 14, 2026
U.S. Energy Secretary Chris Wright stated that despite disruptions, energy flows through the Strait of Hormuz are strong and increasing, with over 12 million barrels of oil and products flowing through recently. He attributes rising diesel prices in the U.S. to a combination of factors, including Middle East disruptions, the war in Ukraine impacting Russian exports, and refinery closures.
“Over 12 million barrels of oil and oil products flowed through the Strait of Hormuz last night. The running seven-day average is over 10 million barrels a day and on a gradual upward trend.”
“We will see continued increase and energy flows out of the Arabian Gulf region. That will not be stopped by any activity Iran does. Bumps on the road, of course, but those are temporary bumps.”
“So it's a combination of all of the above, and that is one of our focuses in the Middle East, is to get more refined products out of the region. You'll see an upward trend on that.”