Energy Sec. Wright: 17M Barrels Transited Hormuz Monday
Chris Wright disclosed the Strait of Hormuz oil flow figure during a CNBC interview in Venezuela following Trump's major oil deal with Caracas.
Energy Secretary Chris Wright told CNBC on Wednesday that more than 17 million barrels of oil passed through the Strait of Hormuz on Monday alone, underscoring the waterway's critical role in global energy supply. Wright made the disclosure during an interview with CNBC's Brian Sullivan conducted in Venezuela, one of the world's most sanctions-entangled oil producers.
The interview came directly on the heels of President Donald Trump announcing what the administration described as a massive oil deal with Venezuela's government in Caracas. The timing of Wright's appearance in the country signals the White House is actively pursuing new energy supply arrangements in the Western Hemisphere, even as global chokepoints like Hormuz remain under scrutiny.
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The Strait of Hormuz, the narrow passage between the Persian Gulf and the Gulf of Oman, is widely considered the single most important oil transit corridor in the world. A daily flow of 17 million barrels illustrates just how much of the global crude supply depends on that route remaining open and uncontested.
Wright's remarks carry additional weight amid ongoing geopolitical tensions in the Middle East, where disruptions to Hormuz could send shockwaves through energy markets worldwide. The juxtaposition of those risks with the administration's Venezuela outreach suggests a deliberate strategy to diversify and secure energy flows closer to home.
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