US Energy Secretary Chris Wright has said that ship traffic through the Strait of Hormuz is increasing “very meaningfully” despite ongoing tensions linked to the conflict with Iran.
Speaking at an Atlantic Council conference on Tuesday, Wright said movement of vessels through the key global energy route has improved compared to recent weeks, but warned that it would take several months for normal energy flows to fully recover after the conflict ends.
The Strait of Hormuz, a vital shipping lane for global oil and liquefied natural gas, has seen major disruptions in recent months following US and Israeli strikes on Iran. The unrest had previously blocked a significant portion of maritime traffic, affecting around 20 percent of global energy supplies.
Although some ships have resumed passing through the waterway, many are reportedly taking precautionary measures such as switching off tracking systems and travelling under cover of darkness due to security risks.
The disruption has contributed to rising global energy prices and added economic pressure on several countries. Washington continues to push for a peace agreement with Tehran that would ensure the full reopening of the strategic shipping route.
