Transportation Secretary Sean Duffy said Sunday that energy prices will decline once the Strait of Hormuz reopens following the U.S. conflict with Iran. Duffy acknowledged he works outside the energy sector but cited briefings indicating the strait's reopening would lower prices. The Strait of Hormuz serves as a critical chokepoint for global oil shipments, with roughly one-third of seaborne traded oil passing through the waterway. Closure or disruption of the passage typically triggers energy price spikes worldwide. Duffy's comments reflect the Biden administration's focus on the economic consequences of Middle East tensions. The secretary did not specify a timeline for the strait's reopening or detail what conditions must be met. His remarks suggest administration officials view resolution of Iran tensions as tied to broader economic relief for American consumers facing inflation concerns.