US Energy Secretary Wright sees no quick Iran deal on Hormuz shipping
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US Energy Secretary Chris Wright said he does not expect a quick deal with Iran on shipping through the Strait of Hormuz. He said oil supplies have recovered to about two-thirds of pre-attack levels, while 4-5 million barrels per day still move by pipeline. Wright warned Washington is prepared to act more forcefully if Iran continues its covert nuclear program.
Key Facts
- US Energy Secretary Chris Wright said oil supplies have recovered to about two-thirds of pre-attack levels.
- Wright said 4-5 million barrels per day are still transported by pipelines.
- Iran plans to present an agreement on a temporary shipping route through the Strait of Hormuz in Oman.
- Since June 2025, international inspectors have been unable to fully verify the status and location of Iran's near-weapons-grade uranium stockpiles.
- Last week the US supported the IAEA decision to refer Iran to the UN Security Council again.
Oil Supply Status
Wright said oil supplies have recovered to about two-thirds of pre-attack levels, according to Bloomberg. He noted that 4-5 million barrels per day are still transported by pipelines. The Saudi East-West oil pipeline temporarily stopped after recent attacks, but the US expects it to resume operations soon. Wright described the global oil market as more tense than desired but not critical.
Iranian Proposal and Diplomacy
Tehran intends to present an agreement on a temporary shipping route through the Strait of Hormuz in Oman. This follows rare direct talks between Iran and Abu Dhabi and other diplomatic contacts in the region. Wright stressed that the US prefers negotiations but will not allow Iran to acquire nuclear weapons. He warned that Washington is prepared to act more forcefully if Iran continues its covert nuclear program.
Nuclear Verification and IAEA Action
Since June 2025, international inspectors have been unable to fully verify the status and location of Iran's uranium stockpiles enriched to near weapons-grade levels. Last week the US supported the IAEA decision to refer Iran to the UN Security Council again. IAEA Director General Rafael Grossi reported new activity near the Pickaxe Mountain site linked to Iran's nuclear program. There is no precise data yet on what work is being carried out there.
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