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U S Energy Sec: 17M barrels pass Hormuz
U.S. Energy Secretary Chris Writ stated that more than 17 million barrels of oil were shipped through the Strait of Hormuz on Monday, marking a record high since the start of the Iranian conflict in February. The region's exports have surpassed pre-war levels, when approximately 20 million barrels per day passed through the strait before the outbreak of hostilities. He indicated that Iran is losing its ability to disrupt global supplies, as the U.S. military's involvement in protecting oil tankers increases, despite some disturbances caused by Tehran. Despite the tensions, the price of American oil dropped by about 1%, amid ongoing exchanges of strikes between Washington and Tehran.
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