The US Acknowledged the Fall of Oil Traffic Through the Strait of Ormuz
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11 Articles
The closure of Ormuz and the vertical rise of the price of the extreme freights the competition between countries and shipowners for taking on own fleet. A second-hand ship is up to 40% more expensive than a new one
Commercial shipping in the Strait of Ormuz has fallen to a minimum since May, transmitting to Reuters with reference to vessel tracking data.
The head of the US Department of Energy, Chris Wright, acknowledged the decline in oil traffic through the Ormuz Strait after US attacks on Iran. The current volume of oil traffic through the Ormuz Strait was below the figures recorded prior to the US attacks on Iran, transmitting RIA News, "We were not at the pre-conflict level", said Chris Wright in an interview with CNN. According to the Minister, the United States was actively cooperating wi…
"A Bottomless barrel... a Siege of Hermez that Hits the Pockets of the World and Swallows billions."
#Sawalev launched the US Central Command, Saturday night, targeted three Iranian oil tankers in the Strait of Hormuz, in a move that reflects the continuing open confrontation around one of the world's most vital energy corridors. This comes at a time when world energy markets continue to suffer from the shock of closing the Strait, through which 20% of the world's energy supply passes, transforming... this content - an unbeatable barrel... a bl…
The U.S. Energy Secretary defends that Ormuz maintains 9 million barrels a day despite the escalation with Iran and its impact on European crude oil.The post Trump's Energy Secretary assures that the Strait of Ormuz moves 9 million barrels of oil after attack appears first in Moncloa.
Fuel prices began the week calmly following historic hikes in Turkey on Sept. 4, while escalating military clashes between the US and Iran in the Strait of Hormuz pushed oil above $95.
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