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Wright Discusses Strait of Hormuz Flows and Diesel Prices on Bloomberg Surveillance

September 14, 2026 · U.S. Department of Energy · 0:08:44

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What happened

Energy Secretary Chris Wright joined Bloomberg Surveillance on September 14, 2026, according to the Department of Energy; the transcript is Arabic-rendered auto-captions, paraphrased here faithfully with figures as stated. Asked about the Saudi East-West pipeline — described in the segment as having 7 million barrels per day of capacity — Wright said energy infrastructure has been targeted before, that Iran had done much of it, and that he expected the pipeline to operate again very soon, adding that he had been in close contact with his Saudi counterpart since hours after the attack began, as he stated it.

On Hormuz, Wright said more than 12 million barrels of oil and oil products had flowed through the strait the previous night, with a seven-day moving average above 10 million barrels per day and trending up, as he stated the figures. He said the ships are escorted by U.S. combined forces, mostly operate at night with transponders off — which is why commercial trackers do not see them — and that he receives a morning report naming each ship, its cargo, and its route, as he stated it.

On diesel — up about 30 percent over two months, as stated in the segment — Wright attributed prices to a mix of Middle East refining limits and disrupted Russian diesel exports, saying Russia exports no diesel today and has become a significant gasoline importer, as he stated it; he also criticized California refinery closures under Governor Newsom, as he stated it. He said the Strategic Petroleum Reserve would begin refilling in coming months because the oil released had been exchanged, not sold, with agreed delivery dates and quantities, as he stated it, and he put gasoline above $4.30 and diesel above $6 in the segment’s framing, as stated there.

Why it matters

Wright’s escorted-flow account — his stated 12 million barrels in a night and a rising seven-day average above 10 million — is the administration’s on-record explanation for why official flow figures exceed commercial tracker estimates, and is checkable against subsequent flow reporting.

Scoreboard watch

Wright stated that Hormuz flows would keep rising in the coming weeks and months and that SPR refilling would begin in the coming months under exchange contracts, as he stated them — both dated, checkable claims.

Sources: U.S. Department of Energy, “Secretary Wright Joins Bloomberg Surveillance—September 14, 2026”, 2026-09-14 (official upload, embedded above; published 2026-09-14). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.