US energy secretary says 17 million barrels of oil transited Strait of Hormuz on Monday
- 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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130 Articles
The U.S. vice-president also said he was opening a "in-depth investigation" into a strike against a marriage in Iran JD Vance assured on Thursday, September 3, that the oil spill
Oil transiting Strait of Hormuz nearing pre-war daily average - The Daily Bo Snerdley
(The Center Square) – Eighteen million barrels of oil are now passing through the Strait of Hormuz, according to President Donald Trump. The oil transiting the Strait is now 90% of its pre-conflict level. The daily average prior to the conflict was 20 million barrels. The news comes just a couple of days after the U.S. launched retaliatory strikes against Iran along the Strait of Hormuz after the Islamic Republic attempted to attack U.S. bases…
Steube Says Strait of Hormuz Commercial Travel 'Starting to Pick Back Up to Its Regular Pace
Wednesday on FBN's "The Evening Edit," Rep. Greg Steube (R-FL) offered a positive assessment of resuming normal operations in the Strait of Hormuz amid hostilities between the United States and Iran.
"Schrodinger's Strait:" Why Hormuz Now Exists in a State of Permanent Uncertainty
The post “Schrodinger’s Strait:” Why Hormuz Now Exists in a State of Permanent Uncertainty appeared first on 24/7 Wall St.. Just how much oil is flowing through the Strait of Hormuz today since the start of the Iran war 187 days ago? No one can seem to agree. American Petroleum Institute vice president Mason Hamilton captured the mood of the crude tanker market in a single X post last month: “Might as well rename it Schrodinger’s Strait.” Energy…
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