US Energy Secretary Wright says he thinks China will be a bigger buyer of US crude oil, via a CNBC Interview; says Strait of Hormuz is up to Iran

The comments from US Energy Secretary Wright suggest a potential shift in China's crude oil purchasing patterns, which could bolster demand for US crude.

Newsquawk StaffPublished 15 May 2026, 12:56 UTCOn the live feed at 12:36 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

12:47

Senate Republicans ae looking for an off-ramp on an issue that divides their leadership team: year-round ethanol sales, Axios reports

12:46

Iranian Foreign Minister Araghchi says Iran will always carry out its historical duty as the protector of security in Hormuz

12:36

US Energy Secretary Wright says he thinks China will be a bigger buyer of US crude oil, via a CNBC Interview; says Strait of Hormuz is up to Iran

12:34

Gazprom to place bonds worth CNY 3bln at a final coupon rate of 7.85%, Interfax sources state

12:30

Taiwanese Foreign Minister says Taiwan has maintained good communication with the US; the US government has also reiterated its opposition to any attempt to force or coerce a change to the status quo

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Will likely see more pipelines in the Middle East.
Hormuz's energy importance to decrease.
US is going to keep diesel exports flowing.

Context

Additionally, the emphasis on decreasing reliance on the Strait of Hormuz for energy may indicate a broader strategic adjustment in Middle Eastern energy dynamics, likely impacting oil prices and supply chains. Traders should watch for how these developments might influence WTI and Brent prices, particularly in the context of US-China energy relations.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

Brent crude, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.