Trump Officials Dispute 14-Ship Hormuz Count as Data Undercuts 'Total Control' Claims
Updated
Updated · Yahoo Finance · Aug 12
Trump Officials Dispute 14-Ship Hormuz Count as Data Undercuts 'Total Control' Claims
3 articles · Updated · Yahoo Finance · Aug 12
Summary
Kpler counted just 14 Strait of Hormuz crossings on Tuesday, far below the roughly 120 vessels a day seen before the conflict and at odds with White House claims that traffic is recovering.
15 million barrels per day is the export figure Energy Secretary Chris Wright cited for Arabian Gulf energy flows, arguing private trackers miss covert ship movements, though he offered no detailed methodology.
11 of Tuesday's 14 crossings used an Iran-approved route, undercutting President Donald Trump's repeated assertion that the US has "total control" of the waterway.
Oil markets are increasingly doubtful a US-Iran deal will soon restore major flows through the strait, which carried about one-fifth of global oil shipments before the war.
$4 a gallon has returned for US gasoline, according to AAA, marking the highest national average ever this late in the year as Hormuz disruption fears lift energy prices.