Hormuz Oil Shipments Hit Six-Month High, US Commander Says - Bloomberg.com — SkimNews
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- U.S. military escorts have moved 1 billion barrels of oil out of the Strait of Hormuz, with a US commander saying escorted shipments hit a six-month high.
- Strait of Hormuz tanker traffic has slumped below its 10-day average, prompting Saudi Arabia to scramble for new oil routes.
Why it matters: Escorted Hormuz shipments hit a six-month high at 1 billion barrels even as overall tanker traffic slumped below its 10-day average — meaning the US is claiming record military throughput against a contracting total flow. Saudi Arabia's scramble for new oil routes confirms Hormuz transits are falling despite the escort milestone.
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