Energy Secretary Chris Wright recently stated during an Atlantic Council event that the volume of oil passing through the Strait of Hormuz is on a significant upward trend. He predicted this trend would continue as efforts are made to resolve the ongoing U.S.-Iran conflict, which has persisted for over 100 days.

According to Wright, the strait, a vital passage for global oil shipping, has seen increased traffic. Despite these developments, oil prices experienced a decline. As of Tuesday afternoon, the U.S. benchmark WTI was trading at approximately $88 per barrel, after peaking at nearly $95 on Monday. Similarly, Brent crude, the international benchmark, traded at about $92 per barrel, down from almost $98 the previous day.

On Monday night, President Trump also highlighted the substantial oil flow from the Strait of Hormuz. He noted that the prices are relatively low considering the quantity being shipped.

Recent analysis by MarineTraffic indicated that as of Monday, crossings were at “historic lows,” with only five confirmed movements.

Meanwhile, a recent poll revealed that nearly 60% of U.S. adults anticipate worsening gas prices over the next year due to the Iranian conflict’s impact on the energy markets.

The newsletter also mentions a need to combat the spread of the New World screwworm, with new cases prompting increased containment efforts by state and federal authorities.

Upcoming events include Energy Secretary Chris Wright’s appearance before the House Science, Space and Technology Committee to discuss budget issues within the Energy Department. Brian Nesvik, director of the Fish and Wildlife Service, will appear before the Senate Environment and Public Works Committee for budget discussions.

The Senate Energy and Natural Resources Committee plans to examine several bills and the Colorado River Basin. Recent headlines featured various topics, including efforts by EPA scientists to address household product risks and Trump administration moves within mineral sectors.