US Military Aids Passage of 660 Million Barrels of Oil Through Strait of Hormuz
The U.S. military has announced that it has aided the passage of 660 million barrels of oil through the Strait of Hormuz since May. This assistance underscores the critical role of the strait in global oil supply and the efforts to ensure its security.
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U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
The security situation in Hormuz remains contested but the U.S. is helping oil get through the strait.
Read full article →Middle East oil squeeze: How much crude is actually flowing through Hormuz
US officials assert that oil is moving through the Strait of Hormuz at a pace far exceeding market projections. External data indicates a drop in oil tanker activity and a decline in global stockpiles. This divergence raises questions about the true amount of crude oil flowing into worldwide markets. Additionally, shadow fleets attempting to mask their locations complicate monitoring efforts, leading to potential volatility in oil prices and supply predictions.
By SHIVANGHI PAYAL
Read full article →Secret US military convoys move up to 10 million barrels of oil through Strait of Hormuz every night
At least 15 ships part of stealth operation have been attacked by Iran since beginning of June
By Lily Shanagher
Read full article →
