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Geopolitics

US Energy Secretary Wright says will continue to get better at escorting Hormuz traffic

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US Energy Secretary Wright confirmed ongoing improvements to Hormuz shipping escorts amid unrest, as the US maintains a long-term strategy and 8-9 million bpd production despite incomplete Middle East oil recovery.

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US is playing long game. US improving Hormuz shipping escorts. Middle East oil flows not fully restored. The US is bringing out 8 or 9mln bpd of oil.

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