U.S. military establishes Strait of Hormuz route moving 10 million barrels daily

The U.S. military has established a shipping corridor in the Strait of Hormuz that transports about 10 million barrels of oil a day, roughly half the prewar volume. The move has eased the war’s impact on oil supplies and had a noticeable effect on global energy markets, ChainCatcher reported.

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U.S. military establishes Strait of Hormuz route moving 10 million barrels daily - CoinPost Terminal