US says more oil is leaving Hormuz, but the numbers don't add up
JUST how much crude oil is leaving the Strait of Hormuz? United States Energy Secretary Chris Wright claims that almost nine million barrels per day, but the companies that track vessel movements say, at best, it is about half this volume.
The United States claims that around nine million barrels of crude oil are departing the Strait of Hormuz daily, but companies tracking vessel movements dispute this figure, estimating the actual volume to be closer to half of that amount. The significance of the oil leaving through Hormuz lies in its delivery to Asia, the region with the highest energy consumption, which has suffered greatly due to the recent US and Israel attacks on Iran on February 28.
On Wednesday, Energy Secretary Chris Wright shared with his followers on X that the seven-day average of oil leaving the Strait of Hormuz has risen to approximately nine million barrels per day. He further added that with an additional 5-7 million barrels leaving through newly upgraded pipelines and export facilities, the total oil flow is currently averaging around 15 million barrels per day.
This would bring total exports from the Middle East to about 75 percent of the pre-conflict volumes. However, these figures provided by the US do not match the data from several vessel tracking services.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
