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First Squawk
@FirstSquawk
Firstsquawk Is a Global Financial (News) Squawk Service Specialising In Financial Markets, Macro, Geopolitics,politics
加入 July 2015
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Hormuz Oil Shipments Reach Six-Month High Amid US Naval Security Efforts Oil and liquefied natural gas shipments through the Strait of Hormuz have reached their highest level in six months over the past two weeks, according to regional US commander Admiral Brad Cooper. Citing successful mine-clearance operations and Persian Gulf allies shipping over one billion barrels of crude recently, officials highlight that naval protection efforts are actively easing prior global supply squeezes. Despite these positive transit gains and ongoing efforts by the US, shipping companies, and insurers to increase flow, energy markets remain tight. The Trump administration continues to closely monitor tanker volumes as markets rely on an estimated 10 million barrels per day transiting the strait, even as regional disruptions and geopolitical tensions persist.
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