Oil prices rose after the U.S. launched military strikes against Iran, raising concerns that renewed clashes may threaten shipping through the Strait of Hormuz.
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Wright said that describing the volume of oil exports out of Hormuz as increasing is a "fair statement."
President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.
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Last week, the Iraqi cabinet approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network.