EconomyFor Oil Markets, the Strait of Hormuz Isn’t Closed, Blas Says

US Energy Secretary Chris Wright says nearly 9 million barrels a day crossed the Strait of Hormuz last week, well above most tanker trackers’ estimates. Oil markets are skeptical, with many trackers placing recent flows at roughly 4 million to 5 million barrels a day. Bloomberg Opinion columnist Javier Blas discusses the discrepancy.