US Energy Secretary Chris Wright on Friday said the Strait of Hormuz is expected to reopen “sometime this summer at the latest,” while warning that the US military could intervene if Iran continues disrupting traffic through the strategic waterway.
Speaking to CNBC from an LNG terminal in Cameron, Louisiana, Wright said a diplomatic agreement with Iran could emerge “in the next few days” despite strains surrounding the fragile US-Iran ceasefire brokered by Pakistan on April 8 and later extended by US President Donald Trump.
“If Iran continues to hold the world economy hostage, the US military will force the reopening of the Straits of Hormuz, but that’s not trivial to do,” Wright said, adding that negotiations remain the preferred option.