- Donald Trump’s Energy Secretary Chris Wright cautiously predicted U.S. gas prices would drop by more than 30 cents per gallon over the next two months.
- National gas prices currently average $4.147 per gallon, more than a dollar higher on average since the beginning of the year.
- Wright acknowledged that shipping traffic through the crucial Strait of Hormuz remains below pre-conflict levels, despite U.S. Navy efforts to escort merchant vessels.
- August marked the deadliest month for commercial shipping crews in the Strait of Hormuz since the conflict broke out in February amid ongoing drone and mine attacks.
- Donald Trump asserted on Truth Social that the U.S. maintains near-total control over the strait and expressed indifference toward reaching a diplomatic agreement with Tehran.
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