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More than 15 million barrels of oil and petroleum products were moved through the Strait of Hormuz with help from the US military on Tuesday, with total shipments leaving the region, including volumes transported through pipelines, approaching 20 million barrels, US Energy Secretary Chris Wright said on Saturday, highlighting Washington's efforts to keep energy supplies moving despite the continuing standoff with Iran.
In a post on X, Wright said the seven-day average of oil leaving the Strait had risen above 8 million barrels a day, and credited the US Navy with maintaining the flow. "Make no mistake, thanks to the U.S. Navy, oil is flowing through the Strait of Hormuz," he said. The latest US claims come as diplomatic efforts to resolve the confrontation remain stalled. Washington and Tehran have been unable to reach a durable agreement on the conditions for restoring normal shipping and easing economic pressure on Iran. Tehran has maintained that it wants an agreement but has rejected terms it considers unacceptable, while the Trump administration has shifted towards increasing economic pressure, including the threat of tougher sanctions. The uncertainty has kept oil markets on edge. Brent crude ended the week at around $94.39 a barrel, gaining 6.6 per cent over the week, while WTI settled at $87.06. The price rally comes despite evidence that more oil is finding a route out of the Gulf. Traders remain concerned that current flows depend heavily on military support and could be vulnerable to renewed escalation. The stakes are high because the Strait of Hormuz is one of the world's most important energy chokepoints. Any sustained disruption could tighten global supplies rapidly, particularly as Iranian exports have already fallen sharply. For oil markets, therefore, the key question is not simply how much crude is moving today, but whether those flows can be sustained without continued military intervention. A breakthrough in US-Iran talks could ease the geopolitical premium, while renewed disruption around Hormuz could push crude prices higher. (ANI)
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