Trump says the US is helping around 30 ships cross the waterway daily, but ship-tracking data suggests it’s fewer.

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.

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

U.S. Energy Secretary Chris Wright has said that more than 17 million barrels of oil transited through the Strait of Hormuz on Monday—a record during the U.S.–Iran conflict—due to American military protection.

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

Middle East oil producers are finding more ways to evade Iranian threats and push more of their product to market.

The ships were hit near Oman on Monday, the latest attacks on vessels in the Persian Gulf. Oil prices rose more than 2 percent.

Asian economies are racing to build up storage capacity to reduce their exposure to conflict in the Middle East.

Treasury Secretary Scott Bessent just told G20 finance chiefs the Strait of Hormuz will stop mattering to global oil within two years, but Iran is already mining the waterway and threatening to attack neighboring energy infrastructure.

The Energy secretary spoke to CNBC's Brian Sullivan in Venezuela on Wednesday, after President Donald Trump announced a massive oil deal with Caracas.