The Wall Street Journal reports the Trump administration says large volumes of oil are transiting the Strait of Hormuz, but commercial trackers show far lower flows. U.S. Energy Secretary Wright told reporters last week the U.S. military assisted movement of more than 15 mln barrels of crude and products through the waterway on Tuesday and said the seven-day average export flow exceeded 8.0 mln b/d; he had earlier cited a seven-day average near 9.0 mln b/d. Commercial vessel-tracking firms estim

The Wall Street Journal reports the Trump administration says large volumes of oil are transiting the Strait of Hormuz, but commercial trackers show far lower flows. U.S. Energy Secretary Wright told reporters last week the U.S. military assisted movement of more than 15 mln barrels of crude and products through the waterway on Tuesday and said the seven-day average export flow exceeded 8.0 mln b/d; he had earlier cited a seven-day average near 9.0 mln b/d. Commercial vessel-tracking firms estimate about 0.2–0.6 mln b/d, and industry loading data for Gulf shipments to buyers do not corroborate the U.S. figures.