Eigen also commented on how the conflict in the Middle East could affect global oil prices. He noted that the US should not be concerned about the situation in the Strait of Hormuz, as there are plans to "take all the oil out of [Iranian leadership's] hands."
This week, Iran announced the effective closure of the Strait of Hormuz—a key route for oil supplies worldwide. This decision affected all vessels, including commercial ships and tankers, and led to an almost complete halt of traffic in this strategic corridor. Some vessels were subjected to missile attacks.
