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.
TL;DR
- The U.S. military has aided the passage of over 660 million barrels of crude oil through the Strait of Hormuz since early May.
- Approximately 1,300 commercial vessels have been assisted in sailing through the strait during the same period.
- Daily oil transit estimates vary, with U.S. officials suggesting higher numbers than independent ship tracking firms.
- Despite Iranian threats and attacks, significant oil shipments continue, though below pre-war levels.
- The security situation in Hormuz is contested, with divided shipping lanes and past attacks on commercial ships.
- High profits and increased pay incentivize tankers to undertake the risky journey through the strait.