EconomyOil shipments through Strait of Hormuz to increase in coming weeks, US energy secretary says
US Energy Secretary Chris Wright predicts that oil and oil-product shipments through the Strait of Hormuz will rise in the coming weeks. He said the current average is up to 10 million barrels a day. The waterway carries about 25% of global oil trade and roughly 20% of LNG trade.
Oil shipments through Strait of Hormuz to increase in coming weeks, US energy secretary says