Over 17 Million Barrels Transited Through Strait Of Hormuz

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More than 17 million barrels of oil moved through the Strait of Hormuz on Monday, a sharp indication that Iran is losing control of a critical waterway.

That’s compared with roughly 20 million barrels a day before the conflict began.

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U.S. Energy Secretary Chris Wright says the continued flow of oil is limiting Iran’s ability to use the strait to “hold the world economic hostage.”

CNBC reported:

More than 17 million barrels of oil transited the Strait of