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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The US claimed that the oil flow through Ormuz almost returned to pre-war levels with Iran and that Tehran's control 'disappeared'.
U.S. Vice President JD Vance said Thursday that the flow of oil through the Strait of Ormuz had returned almost to pre-war levels with Iran, adding that Tehran's control over the sea lane had "practically disappeared."
The flow of crude oil through the Strait of Ormuz approaches pre-conflict levels, with Iran losing control over the road, according to Vance.The United States will not resume dialogues with Iran until attacks on ships cease, while the president faces low popularity due to the conflict.
Oil transiting Strait of Hormuz nearing pre-war daily average - Regional Media News
(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. [...]
Oil traffic through the Strait of Hormuz has reportedly returned to pre-war levels, according to US Vice President J.D. Vance. During a press conference held at the White House, the American official claimed that the situation has improved dramatically. “If you think about the situation three months ago, the flow of oil and natural gas through Hormuz was almost zero due to Iranian threats. Now, we have almost fully returned to pre-conflict norma…
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