Strait of Hormuz Oil Flows
Trump Claims US Moved Record Oil Volumes Through Strait of Hormuz
Anonymous
President Donald Trump said the United States moved a record amount of oil through the Strait of Hormuz overnight, more than before the war with Iran, and forecast that oil prices would fall when the conflict ends. U.S. officials separately put the volume moved over 72 hours at about 60 million barrels, while Energy Secretary Chris Wright said flows averaged roughly 13 million barrels per day and topped 20 million on one day. Independent shipping figures are less conclusive: Reuters, citing preliminary Kpler data, reported lower weekly totals, and tracking can miss vessels whose transponders are off. Trump has also rejected Iran’s conditional proposal to reopen the strait, which remains a flashpoint amid threats and attacks on vessels. At the time of his remarks, oil prices were above most annual averages during the Biden administration, contrary to Trump’s broader comparison that oil is less expensive now.
Key Points
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CENTCOM commander Adm. Brad Cooper said U.S. forces had assisted more than 2,000 commercial ship transits through the strait by providing coordinated protection.
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Iranian Supreme Leader adviser Yahya Rahim Safavi called the Strait of Hormuz “more dangerous than a nuclear weapon” and claimed only five to eight ships were then passing through it.
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Iran’s Revolutionary Guards-affiliated Fars news agency reported that Iranian forces targeted 19 vessels it described as “violators” in the strait on Friday and Saturday.
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Tehran’s proposal, conveyed to Washington through Qatar, reportedly offered to reopen the shipping lane within seven days if specified conditions were met.
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