Energy Secretary Chris Wright addressed concerns over rising energy prices amid ongoing military involvement in Iran, noting that current elevated prices are temporary. He emphasized that the U.S. has ample oil supply, stating that logistical issues, not supply shortages, are driving price spikes. Wright indicated that military efforts are successfully reducing Iranian missile and drone threats, which should soon restore normal shipping levels in the Strait of Hormuz. He confirmed that the U.S. Strategic Petroleum Reserve remains robust, with over 400 million barrels available.
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