CryptoWorld News reports that, according to the U.S. "The Hill" newspaper, U.S. Energy Secretary Wright stated on Friday that the Strait of Hormuz will be reopened "at the latest sometime this summer." Wright said that the U.S. is "continuing to expand U.S. natural gas exports," despite losing 10 billion cubic feet of natural gas transportation capacity daily due to the closure of the Strait of Hormuz, the U.S. still adds 2.5 billion cubic feet of natural gas export capacity each day. He pointed out that shipping through the Strait of Hormuz will resume as soon as possible, but no later than this summer. Wright added that the relevant agreement could be reached "within the next few days." He also mentioned that if Iran "continues to hold the global economy hostage," the U.S. military will "forcefully reopen the Strait of Hormuz, but this is not an easy task."

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