U.S. Energy Secretary Chris Wright announced that tanker traffic through the Strait of Hormuz has returned to levels not seen since before the Iran-Iraq War. A total of 72 tankers transited the crucial waterway in a single day, carrying approximately 20 million barrels of oil. This signifies a substantial increase in oil transport through the strait. The development suggests a normalization of shipping activity despite ongoing regional tensions. The Strait of Hormuz is a vital chokepoint for global oil supplies, and fluctuations in traffic are closely monitored. This recent surge indicates a potential easing of concerns regarding disruptions to oil flow. The information was released by the U.S. Department of Energy.
