ChainCatcher reported that the U.S. military has established a shipping corridor in the Strait of Hormuz. The route is currently moving about 10 million barrels of oil per day, or roughly half of prewar transportation volume. According to the report, the measure has helped ease the war’s impact on oil supply. It has also had a clear effect on the global energy market. The update was published as a market analysis newsflash and did not provide further operational details beyond the daily transport figure and the comparison with prewar levels.
According to ChainCatcher, the U.S. military has established a shipping corridor in the Strait of Hormuz, with about 10 million barrels of oil transported each day, or roughly half of prewar volume.
The report said the move has eased the war’s impact on oil supply and has had a clear effect on the global energy market.
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