US energy secretary says oil prices likely to rise more before coming down

US Energy Secretary Chris Wright said at an economic forum today in Washington DC that oil prices will remain high and possibly keep rising until there is "meaningful ship traffic through the Straits of Hormuz". We'll likely see oil prices hit their peak sometime in the next few weeks before they start coming down, he said. "But once the conflict ends, and energy starts flowing again, you'll start to see downward pressure, but it will take some time," he said. "The longe