US Energy Secretary: We Guarantee Navigation in Hormuz and Commit to Supplying Allies with Oil

 US Energy Secretary Chris Wright affirmed in May 2026 that the United States maintains sufficient oil production to meet domestic needs and support global allies. Speaking to Fox Business, Wright emphasized Washington's unwavering commitment to securing the Strait of Hormuz, regardless of the outcome of negotiations with Tehran. He noted that US military readiness has compelled Iran to reconsider diplomatic options. Wright also highlighted that the administration is addressing a 47-year-old systemic issue with the Iranian regime while ensuring global energy stability, with oil prices remaining below the $100 mark amid adequate international supplies.