Hormuz Oil Shipments Top 10 Million BPD as US Military Support Restores Traffic
Updated
Updated · Bloomberg · Jul 2
Hormuz Oil Shipments Top 10 Million BPD as US Military Support Restores Traffic
3 articles · Updated · Bloomberg · Jul 2
Summary
Oil flows through the Strait of Hormuz have climbed above 10 million barrels a day in recent weeks, a sharp rebound after the war had largely paralyzed commercial shipping.
US military support and President Donald Trump's interim peace agreement with Iran drove the recovery, according to a US official.
Tehran was caught off guard by the speed of the rebound, the official said, highlighting Iran's reduced ability to choke off traffic through the corridor.
Recent attacks around the strait have followed that shift, underscoring that security risks remain even as one of the world's key oil routes reopens.