Experts Doubt Trump’s 10 Million-Barrel Hormuz Claim as U.S. Gasoline Hits $4.10
Updated
Updated · Daily Kos · Aug 20
Experts Doubt Trump’s 10 Million-Barrel Hormuz Claim as U.S. Gasoline Hits $4.10
3 articles · Updated · Daily Kos · Aug 20
Summary
Oil-tracking experts challenged Trump administration claims that a secret U.S.-protected Strait of Hormuz corridor is moving about 10 million barrels a day, saying observed flows are closer to 5 million.
Rory Johnson and Tanker Trackers said ship data across the market does not support the White House numbers, with no clear evidence that 15 to 20 escorted tankers a day are transiting undetected.
Oil prices still rose Thursday, suggesting traders did not buy the Axios-backed narrative that the operation was easing supply disruption from the Iran war.
U.S. gasoline averaged $4.10 a gallon, nearly $1 above a year earlier, keeping pressure on inflation and on Trump as the war remains unresolved nearly six months on.