WASHINGTON, March 12 (Reuters) - U.S. Energy Secretary
Chris Wright said on Thursday global oil prices are unlikely to
hit $200 a barrel even as crude tankers remained stalled in the
Strait of Hormuz as a result of the U.S. and Israeli war with
Iran.
"I would say unlikely, but we are focused on the military
operation and solving a problem" Wright told CNN when asked if
prices would reach $200 a barrel, a level prices could hit if
the war continues to escalate, an Iranian official said on
Wednesday.
Wright also told CNBC on Thursday that the U.S. Navy cannot
escort ships through the Strait of Hormuz now but it was "quite
likely" that could happen by the end of the month.
(Reporting by Susan Heavey Timothy Gardner and Katharine
Jackson; Editing by Sharon Singleton and Michelle Nichols )