Global oil transports reach half pre-war volume with U.S. controlling southern lane of Strait of Hormuz

After sustaining high oil prices of over $120 a barrel, the United States has managed to maintain control of the southern lane of the Strait of Hormuz, boosting oil transportation volumes to approximately 10 million barrels a day— about half the pre-war volume. Prices have responded by lowering to around $85-$95 a barrel, approximately 25% […] The post Global oil transports reach half pre-war…