U.S. Secretary of Energy: The impact of the Iran conflict on the energy market is very short-lived

Golden Ten Data reported on March 5 that U.S. Energy Secretary Wright stated that the impact of the Iran conflict on the energy market is temporary, and it is a "very small price" paid for the United States to achieve its military objectives. The airstrikes by the United States and Israel against Iran, followed by Tehran's response, have intensified regional tensions and caused shipping paralysis in the Strait of Hormuz, disrupting the transport of vital oil and natural gas in the Middle East and driving up energy prices. As concerns grow over the potential long-term closure of the Strait of Hormuz, Asian oil prices rose on Thursday. Wright said: "This is definitely temporary." "The world has ample oil supply and abundant reserves, and U.S. oil production has also reached a historic high. So we will get through this; it's just a small bump in the road." Wright stated that the closure of the Strait of Hormuz is only temporary, and the U.S. Navy will soon escort oil tankers through this waterway, which carries about one-fifth of the world's daily oil consumption.