Some 60 Ships Passed Through Strait of Hormuz on Wednesday, US Official Says
A US official told Reuters that about 60 commercial vessels transited the Strait of Hormuz on Wednesday, carrying the highest daily volume of crude oil since early July. About 40 of those vessels coordinated with the US military for protection, and roughly 22 million barrels of oil exited the chokepoint. Reuters said it could not independently verify the figures.
Why it matters: This matters for geoeconomics because the reported throughput of the Strait of Hormuz directly bears on the global oil supply route at the center of the US-Iran conflict.