Iran War Live Updates: ‘No Guarantees’ Oil Prices Drop Soon, U.S. Official Says

Iran has largely closed the Strait of Hormuz to America and its allies. The U.S. energy secretary, Chris Wright, acknowledged energy prices could remain high, even as President Trump has called for other countries to send warships to secure the passage.​Iran has largely closed the Strait of Hormuz to America and its allies. The U.S. energy secretary, Chris Wright, acknowledged energy prices could remain high, even as President Trump has called for other countries to send warships to secure the passage.