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Story summary
- The U.S. military escorts ships moving 7 million barrels of crude and fuel through the Strait of Hormuz.
- Energy Secretary Chris Wright said no Iranian crude is currently leaving the strait.
- Wright noted the escorted volume is half of the flow of 20 million barrels per day.
- He said 5 million barrels shifted to pipelines while global output rose about 1 million barrels.
- He added the 14 million-barrel gap is narrowing as escorted flows rise.
