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Energy Secretary Chris Wright says traffic in Strait of Hormuz is rising 'very meaningfully'
U.S. Energy Secretary Chris Wright said oil traffic has risen and will continue to expand in the Strait of Hormuz, a globally important oil passageway that's been crippled by the Iran War. "I would say [it's] rising very meaningfully," Wright told CNBC's Brian Sullivan during an energy conference on Tuesday when asked about where exports stood in comparison with recent weeks. Wright said that describing the volume of oil exports out of Hormuz as increasing is a "fair statement," adding that...