U.S. military backing helps push daily oil shipments through the critical chokepoint above 10M barrels for the first time.
Oil flows through the Strait of Hormuz have surpassed 10M barrels per day, driven by increased commercial shipping and U.S. military support. The surge follows recent efforts to secure the key transit route amid regional tensions.
Prior to this increase, daily shipments had fluctuated below the 10M mark due to geopolitical risks and disruptions. The strait remains the world’s most critical oil chokepoint, handling roughly one-fifth of global supply.
No immediate market reaction was reported, though sustained higher volumes could ease supply concerns and pressure oil prices downward.