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Chris Wright: “We're taking a short term action to say all this floating…”

Featuring: Chris Wright, Republican | Secretary of Energy | National

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Energy Secretary Chris Wright assures gas price hike is temporary amid Iran war

Published | Video Starts at 05:58

There's no worries there. But as oil gets bid up a little bit because, because of those constraints coming out of the straight home Strait of Hormuz, We're taking a short term action to say all this floating Russian oil storage that's around southern Asia, it's China just backed up. China does not treat their suppliers well. So there's a bunch of floating barrels just sitting there. We've reached out to our friends in India and said, buy that oil, bring it into your refineries. (05:58–06:08)

CLAIM

Asserts that there is floating Russian oil storage in southern Asia due to China's actions.

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