Trump Says U.S. Secretly Moved More Than 100 Million Barrels of Oil Through Strait of Hormuz
Trump's comments come after Energy Secretary Chris Wright said Tuesday that oil exports through Hormuz are "rising very meaningfully."
TL;DR
- President Trump stated the U.S. military has secretly aided 200 commercial ships and over 100 million barrels of oil through the Strait of Hormuz.
- Trump credited this operation with keeping oil prices around $90 per barrel and asserted U.S. control over the strait.
- Some experts indicate that ship traffic through Hormuz is still significantly lower than pre-war levels, leading to substantial daily oil supply losses.
- JPMorgan suggested that more oil might be moving through Hormuz than publicly visible, with tankers potentially switching off transponders.
- The U.S. military is communicating and coordinating with ships seeking to transit Hormuz, not escorting them, and has responded to Iranian attacks on commercial vessels.
- U.S. Central Command and Secretary of State Marco Rubio confirmed responses to Iranian actions, highlighting risks of ecological disaster from imprecise drone attacks.