Trending News: Trump Says Iran’s Leaked Deal Terms are UntrueUS Military Helps Move 7 Million Barrels of Oil Per Day Out of Persian Gulf, Wright SaysChevron Continues to Look at New Opportunities in Middle East, CEO SaysExxon Mobil Evaluates Potential Buyout of Australia Woodside Energy, Bloomberg News ReportsTired of Chaos, Investors Retreat From Oil Market at Record PaceUS Energy Firms Cut Rigs for First Time in Eight Weeks, Baker Hughes SaysIran Deal Very Close, Signing Possible in Coming Days, US Official SaysUS Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright SaysHope for Hormuz as Iran, US Edge Closer to Peace DealIndia Caps Fuel Sales to Avoid ShortagesThe Hidden Infrastructure Challenge Behind Renewable Energy GrowthIndia Set to Miss Budget Deficit Target as Oil Shock Strains Public FinancesOil Prices Tumble 4% on Iran Peace OptimismIndia Accuses West of Double Standards Over U.S. Russia Oil SanctionsNorway Pitches Arctic Resources as Key to EU Energy SecurityRussian Governors Rush to Deny Fuel Crisis as Rationing SpreadsSpace race offers fresh growth path for krypton and xenonWorld Cup draws IG support but scores small sustainable energy winsTwelve begins commercial e-SAF production at Washington plantSEIA And Wood Mackenzie Report Shows U.S. Added 7.8 GW Solar Capacity In Q1 2026 Amid Rising Energy DemandOil Falls to Near Two-Month Lows as Trump Calls Off Threatened Strikes on IranIEEFA Report Highlights Australian Business Rooftops As Major Untapped Source Of Clean Energy In Solar Transition GapIs Europe’s CCS pipeline running out of steam?Iberdrola Portugal Expands Solar Communities Across Country To Boost Shared Renewable Energy Access And ElectrificationFinnair flags SAF supply gap as EU mandate takes effectFinnair flags SAF supply gap as EU mandate takes effectFinnair flags SAF supply gap as EU mandate takes effectSungrow Hydrogen secures 48MW electrolyser deal for China coal projectTrump Claims Iran Deal Close in UturnSolis Concludes Successful SNEC PV+ 2026 with Strong Global Interest in Full-Scenario Energy Storage PortfolioMexico moves to formalise biomethane marketAfrica’s Renewable Energy Boom Reshapes Power Sector And Investment LandscapeTürkiye Secures €200 Million EIB Funding To Accelerate Green Transition And Support SMEsSponsored content: Technip Energies on scaling low-carbon hydrogenEnovos takes FID on 5MW Luxembourg hydrogen projectOil Held the Biggest IPO Record. Tonight It Loses the Crown.OPEC Sees Oil Demand Growth Outpacing Supply Through 2027Goldman Sachs Cuts 2027 Oil Price Estimate on Demand UncertaintyMazda demonstrates onboard CO2 capture and storage systemVideo | How the global oxygen industry is working together to improve accessWhat the SpaceX IPO means for aerospace and industrial gasesUS Summer Driving Season Hits as Gasoline Supplies Squeezed TightChina Is Learning to Use Less Oil—and That’s a Bigger Deal Than It SoundsTrump Says Great Settlement on Iran to be Signed Soon and Strait Will OpenTrump Cancels Strikes Against Iran Planned for Thursday EveningCanada Oil Outages and Bad Weather to Tighten Inventories at Key US Storage HubReport looks into next steps for port calls for nuclear-powered shipsStudsvik seeks state support for SMRs in SwedenCeremony marks start of work at Canadian uranium projectUK Clean Tech Firms Plan Europe’s Biggest Direct Air Capture ProjectIndia Flags Second Tanker Incident Off Oman Within 24 HoursTrump Tells Fox News He’d Like to Take Iran’s Kharg IslandAmericans Wary of AI-Driven Data Center Boom, Reuters/Ipsos Poll ShowsTaking Kharg Island Would Pose Risks for US TroopsOil Could Hit $150 If U.S.-Iran Ceasefire CollapsesIndia Secures Crude Supply Through August with Higher UAE ImportsAnother Gulf Producer Joins Dark-Mode Tanker Traffic Through HormuzSanctioned Private Chinese Refiner Seeks Non-Iranian CrudeLighthouse Green Fuels completes FEED at Teesside SAF facilityEU to build closer hydrogen links with KoreaUS LEADS GLOBAL OIL PRODUCTION: Once an Arab Oil Embargo Victim, US Becomes World’s Top Oil Exporter Oil Falls as Traders Digest Escalation in US-Iran StrikesSLB Lands Major Deal to Help Rebuild Venezuela’s Oil IndustryTrans Mountain Oil Pipeline Hits Full Capacity as Asian Demand SurgesJapan Taps Reserves and New Suppliers to Beat the Oil BlockadeHydrogen hype led to innovation and productivityWeekly Tech Newsletter: Explore The Latest Breakthroughs in Solar, Storage, and More…Powering Industrial Reliability: The GoodWe ET 50kW Hybrid Inverter in ActionHow best to drive biogas and biomethane in EuropePhilippines Accelerates Clean Energy Growth with PHP344.62 Billion Renewable Energy InvestmentsIran could retain grip on Hormuz after diplomatic dealIndonesia And Singapore Deepen Green Energy And Digital Infrastructure PartnershipZaffra and MB Energy partner on European eSAF buildoutGreen Energy Stocks Lead Market Decline As Sensex And Nifty Trade In The Red (11 June 2026)Air Liquide wins Ariane 6 cryogenic and gas contracts‘World’s largest’ hydrogen bus station announced in CaliforniaHormuz Shutdown Forces Malaysia to Overhaul Crude Supply ChainOil Prices Spike as Iran Declares Strait of Hormuz ClosedOPEC Oil Production Falls to Lowest Level Since 2000Rystad Warns Oil May Climb Towards $150Video | Why global oxygen access requires industry-wide collaborationNippon Sanso opens automated dry ice plant in SwedenNew helium projects could boost supply through 2030Temporary supply shock or Helium Shortage 5.0?Charbone secures hydrogen supply deal for film and TVEnergy Prices Drive U.S. Inflation To Three-Year HighEnQuest Bets $833 Million on Malaysia’s Offshore OilDOE approval milestone for Oklo reactorCNOOC upgrades automation systems at Buzzard North Sea oil fieldPermission granted for Kozloduy sanctions derogationCore catcher installed at Leningrad’s seventh unitStudy identifies potential SMR sites in Dutch provinceNuclear-powered ship conceptual designs approvedUS Energy Chief Says Not Aware of US Taking Oil Out of IranUS Offers to Loan Up to 40 Million Barrels of Oil From Strategic Petroleum ReserveKazakhstan Oil Buyers Demand More Supply as Hormuz Closure Tightens MarketSolar Tops Coal in U.S. Power Mix for the First Month EverKKR Eyes $6.7 Billion Takeover of Irish Energy Distributor DCCEU Moves Against Russian LNG Shipping As Arctic Gas Imports SurgeWinGD delivers ammonia-fuelled vessel to Exmar

US Military Helps Move 7 Million Barrels of Oil Per Day Out of Persian Gulf, Wright Says

Business & Policy
June 12, 2026

(Reuters) – Roughly 7 million barrels of oil are getting out of the Persian Gulf each day with U.S. military help, U.S. Energy Secretary Chris Wright said on Friday at an event in Houston.

No Iranian crude is getting out of the Strait of Hormuz, Wright said, adding that he expected to see the free flow of all products through the Persian Gulf if the U.S. and Iran agree on a peace deal. If no deal is reached, the U.S. military will restore the flow, Wright continued.
Wright said some sanctions on Iran could be partially lifted if a deal is made.
A possible U.S. gasoline tax holiday over the summer could help reduce prices, Wright said.

Reporting by Sheila Dang and Arathy Somasekhar in Houston; Editing by Nathan Crooks and Paul Simao

Get the Latest US Focused Energy News Delivered to You! It’s FREE: