US Says Hormuz Is Under Control. Oil Markets Say Otherwise
6 Articles
6 Articles
The seven-day moving average of oil shipments through the Strait of Hormuz, escorted by the US Navy, is increasing and will continue to increase, US Energy Secretary Chris Wright said, quoted by Reuters, BTA reports. He spoke at a press conference in Vienna in connection with a meeting of the International Atomic Energy Agency (IAEA). "The trend in this seven-day moving average is upward and will remain so," Wright said. The minister specified t…
Many predicted a crisis if the Strait of Hormuz did not open during the summer. It may be coming now.
The seven-day average of clandestine oil shipments tracked by the US Navy through the key Strait of Hormuz has seen steady growth and is expected to continue, US Energy Secretary Chris Wright confirmed.
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