Roughly 7 million barrels of daily oil and fuel shipments are flowing through the Strait of Hormuz, or about half of the volumes stranded at the start of the Iran war, said US Energy Secretary
Wright said the US will fully reopen the waterway with or without Iran’s assistance. He spoke during the Bloomberg Energy Security Executive Briefing in Houston on Friday.
At the start of the war in late February, about 20 million barrels of daily shipments were stranded as the strait was effectively shut. Several million barrels were diverted to alternative ports outside the Persian ...