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The U.S. Department of Energy reported that more than 17 million barrels of oil passed through the Strait of Hormuz on Monday, the highest level since supply disruptions worsened due to the war with Iran. However, the volume of ship transits decreased again the following day, with only four ships passing through the strait, amid escalating tensions between the United States and Iran that have restricted shipping movements and disrupted oil supplies. Brent crude prices rose to their highest level since July, despite market efforts to absorb the large influx, as security tensions and their repercussions continue to impact global energy markets.
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