Reopening Strait of Hormuz key to cooling global oil prices: American Petroleum Institute CEO

Iran Herald · March 25, 2026 Sanctions

Houston (Texas) [US], March 25 (ANI): Mike Sommers, CEO, American Petroleum Institute, said that reopening the Strait of Hormuz is critical to stabilising global oil and gas prices amid the ongoing US-Israel-Iran conflict. He highlighted the growing impact of supply disruptions on global energy markets.