Headlines
Bloomberg MarketsMusk Becomes the World's First TrillionaireBloomberg MarketsGary Lineker on Trump's Relationship With FIFA's InfantinoFinancial TimesSam Bankman-Fried loses fraud conviction appealBloomberg MarketsSpaceX Options to Begin Trading on Tuesday After IPOBloomberg MarketsCzech Rate Hike in June a ‘Real Possibility,’ Governor SaysFinancial TimesTrump lashes out at Iran as he pushes for pact to reopen Strait of HormuzBloomberg MarketsRival Space Stocks Tumble as Investors Race Toward Musk’s IPOBloomberg MarketsJBS to Close Pennsylvania Beef Plant Amid Cattle ShortageBloomberg MarketsElon Musk Gave SpaceX Less Than 10% Chance of SucceedingBloomberg MarketsExxon Studies Takeover Targets Including Woodside EnergyBloomberg MarketsAdobe Slips on CFO Departure, Lennar Falls | Stock MoversFinancial TimesFormer star bond investor Ken Leech pleads guilty to obstructing probeBloomberg MarketsUS Consumer Sentiment Rises as Gasoline Prices EaseBloomberg MarketsHalf of Hormuz Stoppages Restored, US Energy Chief SaysBloomberg MarketsBitcoin Bottom Hunters Are Eyeing Up AI Frenzy and SpaceX IPOBloomberg MarketsMusk Becomes the World's First TrillionaireBloomberg MarketsGary Lineker on Trump's Relationship With FIFA's InfantinoFinancial TimesSam Bankman-Fried loses fraud conviction appealBloomberg MarketsSpaceX Options to Begin Trading on Tuesday After IPOBloomberg MarketsCzech Rate Hike in June a ‘Real Possibility,’ Governor SaysFinancial TimesTrump lashes out at Iran as he pushes for pact to reopen Strait of HormuzBloomberg MarketsRival Space Stocks Tumble as Investors Race Toward Musk’s IPOBloomberg MarketsJBS to Close Pennsylvania Beef Plant Amid Cattle ShortageBloomberg MarketsElon Musk Gave SpaceX Less Than 10% Chance of SucceedingBloomberg MarketsExxon Studies Takeover Targets Including Woodside EnergyBloomberg MarketsAdobe Slips on CFO Departure, Lennar Falls | Stock MoversFinancial TimesFormer star bond investor Ken Leech pleads guilty to obstructing probeBloomberg MarketsUS Consumer Sentiment Rises as Gasoline Prices EaseBloomberg MarketsHalf of Hormuz Stoppages Restored, US Energy Chief SaysBloomberg MarketsBitcoin Bottom Hunters Are Eyeing Up AI Frenzy and SpaceX IPO
Home/Bloomberg Markets
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
Bloomberg Marketsglobal

Half of Hormuz Stoppages Restored, US Energy Chief Says

Bloomberg Markets
Friday, June 12, 2026 at 2:47 PM
~4 min read
Energy

Original Report

US Energy Secretary Chris Wright said roughly 7 million barrels of daily oil and fuel shipments are flowing through the Strait of Hormuz, or about half of the volumes stranded at the start of the...

US Energy Secretary Chris Wright said roughly 7 million barrels of daily oil and fuel shipments are flowing through the Strait of Hormuz, or about half of the volumes stranded at the start of the Iran war. Wright spoke Friday with Annmarie Hordern during the Bloomberg Energy Security Executive Briefing in Houston. (Source: Bloomberg)

Glass House Analysis

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%