Trump floats renaming Strait of Hormuz
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US Energy Secretary Chris Wright says significantly more oil has recently been shipped through the blocked Strait of Hormuz than in previous months. On Monday, tankers transported more than 17
U.S. Energy Secretary Chris Wright said more than 17 million barrels of oil transited through the Strait of Hormuz on Monday. And Vice President JD Vance now
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
Trump claims Strait of Hormuz oil volumes hit 18M barrels per day, but independent trackers like Kpler report far lower verified flows amid
The ships were hit near Oman on Monday, the latest attacks on vessels in the Persian Gulf. Oil prices rose more than 2 percent.
Oil traffic through the Strait of Hormuz is moving back toward prewar levels, a development that could ease pressure on U.S. fuel prices and inflation despite renewed Iranian military action, Treasury Secretary Scott Bessent said in an interview with Newsmax.