Energy Sec. Wright: More than 17 million barrels of oil transited Hormuz on Monday
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Energy Sec. Wright: More than 17 million barrels of oil transited Hormuz on Monday
Energy Secretary Chris Wright told CNBC's "Squawk Box" that oil exports through the Strait of Hormuz hit a wartime record on Monday of more than 17 million barrels per day.
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Experts say the U.S. deal for majority control of 60 billion barrels of #oil in #Venezuela is likely to only be a short-term fix for high #gasprices, which have been elevated by the war with Iran. Venezuela will retain ownership over its resources, the country’s interim president Delcy Rodríguez said over the weekend, and stands to make $209 billion in revenue.
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