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US energy secretary says 17 million barrels of oil transited Strait of Hormuz on Monday
Wright said U.S. data show tanker traffic has rebounded as protected routes and covert transits lifted measured flows above private estimates.
- U.S. Secretary of Energy Chris Wright reported that more than 17 million barrels of oil transited the Strait of Hormuz on Monday, marking the highest volume since the Iran war began in late February.
- To mitigate attack risks, the U.S. military established a shipping corridor along Oman's coast for Gulf allies, enabling tankers to transit often at night with transponders off to reduce vulnerability.
- Wright noted that Iran is losing its ability to "hold the world economic hostage" as tankers bypass threats, stating Tehran is "causing some disruption but they are losing that card."
- Energy markets reacted Wednesday as U.S. crude oil futures hovered around $90 per barrel, falling about 1% following military strikes between Washington and Tehran that broke a period of relative calm.
- Despite reports of several tankers coming under attack this week, regional exports surpassed pre-war levels when including pipelines from Saudi Arabia and the United Arab Emirate that bypass the Strait.
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Most oil passes through Strait of Hormuz since war began: Chris Wright
Roughly 17 million barrels of oil and gas products passed through the Strait of Hormuz on Monday, the most since the war in Iran began. Energy Secretary Chris Wright confirmed the total with reporters while traveling to Venezuela Tuesday evening, saying all 17 million barrels passed through via boat. When accounting for additional pipeline capacity […]
·Washington, United States
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Total News Sources15
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
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