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Iranian Foreign Minister: In accordance with our responsible and transparent practices, all details will be shared with the public at the appropriate time.
On June 12, U.S. Energy Secretary Frank Wright stated that approximately 7 million barrels of oil and fuel are currently transported daily through the Strait of Hormuz, roughly half of the cargo stranded at the beginning of the Iran-Iraq War. Wright said that no Iranian crude oil is currently being shipped out of the Strait of Hormuz. He added that if an agreement is reached, he expects all products to be able to freely pass through the Persian Gulf. Wright also noted that if no agreement is reached, the U.S. military will resume transport along this route. Wright stated that the U.S. will not impose an oil export ban to suppress oil prices.
The S&P 500 and Nasdaq both turned negative, while the Dow Jones is currently up 0.4%.
Israeli Defense Minister: We expect US President Trump to stick to the principle that Iran will not possess nuclear weapons.
U.S. Energy Secretary Wright: We hope the Strategic Petroleum Reserve will be fully filled.