How US Navy Is Keeping Millions Of Barrels Of Oil Moving Through Strait Of Hormuz
The US Navy is facilitating a secret shipping corridor through the Strait of Hormuz to protect oil tankers from Iranian attacks. Despite the operation, the route remains volatile, with several ships hit and casualties reported in recent months.
Why it matters
The security of the Strait of Hormuz is critical to global energy supplies, and the US military's involvement highlights the ongoing geopolitical tensions in the region.
The US Navy is helping oil tankers secretly travel through the Strait of Hormuz, despite Iranian attacks making the key shipping route dangerous.The US has created a shipping corridor along the southern side of the strait, near Oman. Around 15 to 20 oil tankers have already used this route safely, with the operation running for several weeks, according to sources cited by Axios.The US is reportedly helping tankers move around 10 million barrels of oil a day through the strait and into global markets. That is about half the amount that normally moved through the waterway before the war.US President Donald Trump said on Wednesday that the Strait of Hormuz was open and that "a lot of boats are coming through."He also said oil prices have fallen again. "They were talking about $350 a barrel, but today it's $84-$85," he said..@POTUS on Iran: "The Strait is open.
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