Duffy: Energy prices will drop 'once the Strait opens'
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Politics

Duffy: Energy prices will drop 'once the Strait opens'

May 4, 2026
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Transportation Secretary Sean Duffy said Sunday that energy prices will go down after the Strait of Hormuz, which has been closed amid the U.S. conflict against Iran, is opened again. “Well, listen, so I'm at [the Department of Transportation (DOT)], I'm not in the energy sector. But, from all the briefings I've had, once the...

Duffy: Energy prices will drop 'once the Strait opens'
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