During Tuesday's energy conference, organized by the prestigious think tank Atlantic Council, the head of the US Ministry of Energy referred to the changes that have taken place in the export of crude oil from the Persian Gulf region in recent weeks.
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When asked about the current situation in this strategic hotspot, he answered clearly: – I would say that the increase (in ship traffic) is very significant.
However, he warned that Full reconstruction of transport after the conflict with Iran is a matter of many months.
The road to normality will be long
Despite optimistic signs of recovery, Wright toned down his sentiments about an immediate return to the global status quo. The U.S. Secretary of Energy makes it clear that it could take months for traffic to return to normal, as before the war with Iran – even after a possible peace agreement is signed.
The scale of the crisis still facing global trade is illustrated by hard economic data. As noted by CNBC television, The latest reports from the International Monetary Fund (IMF) show that the paralysis of shipping in this region is still deep.
According to a seven-day average, only 5 ships per day currently pass through the Strait of Hormuz. For comparison, before the outbreak of the war, over 100 units operated on this route every day.
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Diplomacy in the shadow of missiles and Donald Trump's 37 successes
Interestingly, the US administration's optimism appears at a very tense moment. In recent days, there have been further exchanges of fire between the forces of Israel, the US and Iran.
Despite this, Wright convinced conference participants that diplomatic talks aimed at de-escalation and reaching a compromise are heading “in a very positive direction.”
This resonates with declarations from the very top – on Monday, President Donald Trump predicted that a preliminary agreement with Tehran could be concluded in just the next few days. However, as CNN calculates, Trump has announced the imminent success of the talks at least 37 times since the ceasefire began in April.
