Trump can't rename Strait of Hormuz
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The Energy secretary spoke to CNBC's Brian Sullivan in Venezuela on Wednesday, after President Donald Trump announced a massive oil deal with Caracas.
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
The ships were hit near Oman on Monday, the latest attacks on vessels in the Persian Gulf. Oil prices rose more than 2 percent.
Trump suggested renaming the Strait of Hormuz "Trump Strait" after saying the strategic waterway is under U.S. control.
Two days after U.S. strikes on the area, the Persian Gulf and the port city of Bandar Abbas were calm and quiet on Friday. (AP video shot by: Mohsen Ganji)
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The US military escorted 40 commercial vessels carrying 18 million barrels of oil through the Strait of Hormuz, marking a wartime high as Iran and the US exchanged a new round strikes on Tuesday, two US officials familiar with the operations told CNN.
Trump says the US is helping around 30 ships cross the waterway daily, but ship-tracking data suggests it’s fewer.