Energy Secretary Chris Wright on Friday suggested that the Strait of Hormuz, which Iran has kept closed amid its ceasefire with the U.S., will reopen “sometime this summer at the latest.”
CNBC’s Brian Sullivan spoke with Wright at a new liquefied natural gas facility in Cameron, La., on “Squawk Box.” Wright said that the U.S. is “continuing to ramp up U.S. natural gas exports” with 2.5 billion cubic feet of gas export (bcf) capability being added a day despite having lost 10 bcf a day due to the “temporary interruption” of the Strait of Hormuz’s closure.
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