U.S. ENERGY SECRETARY WRIGHT SAYS OIL FLOWS THROUGH THE STRAIT OF HORMUZ WILL CONTINUE TO INCREASE, WITH THE U.S. ABILITY TO ESCORT AND BRING PRODUCTS GROWING
U.S. ENERGY SECRETARY WRIGHT SAYS IRAN IS TRYING TO HOLD THE WORLD ECONOMY HOSTAGE, NOTING THAT 8-9 MLN BARRELS OF OIL TRANSIT THE STRAIT OF HORMUZ DAILY AND THAT THE U.S. KNOWS HOW MANY SHIPS TRANSIT INTO AND OUT OF THE STRAIT EACH DAY.
U.S. VICE PRESIDENT JD VANCE SAYS THE FIRST GOAL IN THE WAR WITH IRAN IS KEEPING THE PRICE OF OIL AND GASOLINE CHEAP FOR AMERICANS, IN A PRE-RECORDED INTERVIEW ON FOX NEWS, ADDING THAT THE U.S. HAS 'A LOT OF TOOLS AT OUR DISPOSAL TO COMPEL ACTION' FROM IRAN
U.S. VP VANCE SAYS GOAL ONE IS TO KEEP OIL AND GASOLINE AFFORDABLE FOR THE U.S., POINTING TO THE WAR WITH HORMUZ RETURNING TO STABLE OIL PRICES - FOX NEWS
U.S. WHOLESALE INFLATION DECELERATED IN JULY BY MORE THAN ESTIMATED AS ENERGY AND FOOD COSTS FELL, WITH THE PRODUCER PRICE INDEX RISING 4.7% FROM A YEAR EARLIER AFTER A 5.5% INCREASE IN JUNE AND UNCHANGED MONTH-OVER-MONTH, THOUGH THE U.S. SOLD 30-YEAR BONDS AT THE HIGHEST RATE IN A QUARTER OF A CENTURY IN A SIGN OF INVESTOR DEMAND FOR COMPENSATION TO FINANCE THE DEFICIT.