US Energy Secretary Wright: The situation in the Strait of Hormuz is difficult to resolve in the short term, and Iran's nuclear program will come to an end

US Energy Secretary Wright warned that the situation in the Strait of Hormuz is difficult to resolve in the short term, and stated that Iran plans to propose shipping agreements to other Gulf countries. Wright believes that the possibility of reaching a consensus with Iran is low at present, and the market needs to rely on alternative shipping routes, which can currently transport about 10 million barrels of crude oil and petroleum products. Wright stated that global oil supply is tight but has not yet reached a critical point. Wright stated that Iran's nuclear program will eventually come to an end in some way, and the United States is inclined towards negotiations. However, if negotiations fail and Iran engages in a secret weapons program, the United States will take military action to prevent its nuclear development.