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flag U.S. gas prices rose to $3.45/gallon due to Strait of Hormuz disruptions, but Energy Secretary Chris Wright called the surge temporary, citing strong global supplies and reduced Iranian attacks.

flag Energy Secretary Chris Wright said rising U.S. gas prices, now averaging $3.45 per gallon, are temporary and driven by disruptions in the Strait of Hormuz due to regional tensions, not global shortages. flag He emphasized that global energy supplies remain strong, with the U.S. a net exporter of oil and natural gas, and attributed price spikes to market fears and logistical challenges. flag Wright stated that U.S. military actions have significantly reduced Iranian missile and drone attacks, and normal shipping through the strait is expected to resume within weeks. flag He affirmed that the Strategic Petroleum Reserve is not currently being considered for release, and that pragmatic measures like allowing India to buy Russian oil are helping ease short-term pressure without supporting Russia’s economy.

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