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U.S. Energy Secretary Chris Wright stated that approximately 20 million barrels of crude oil passed through the Strait of Hormuz over the past 24 hours, representing one-fifth of global consumption. The convoy was escorted by military security. Oil prices have also fallen to their lowest point since the start of the war with Iran in February, due to reduced concerns over supply disruptions and the unloading of tankers. He affirmed that oil flows will continue even if the preliminary agreement between the U.S. and Iran is not ratified, and that Iran will no longer be able to close the Strait in the future. He also pointed out that removing mines from the Strait could take several weeks.
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