US Gets Oil Moving Again
4 Articles
4 Articles
Global oil transports reach half pre-war volume with U.S. controlling southern lane of Strait of Hormuz
After sustaining high oil prices of over $120 a barrel, the United States has managed to maintain control of the southern lane of the Strait of Hormuz, boosting oil transportation volumes to approximately 10 million barrels a day— about half the pre-war volume. Prices have responded by lowering to around $85-$95 a barrel, approximately 25% […] The post Global oil transports reach half pre-war volume with U.S. controlling southern lane of Strait …
The White House Secretary of War, Pete Haseghe, issued a number of statements against the Iranians, announcing that the US Navy had managed to achieve complete operational control of the Strait of Hormuz, despite Iran's statements last night about an agreement with Oman to control maritime traffic. "Iran knows that we control the Strait of Hormuz and that oil flows through it. They made a big bet on controlling it and they can't control it anymo…
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