SQUAWK/NEWS
Account
Theme
Account
Menu
Live News GEOPOLITICS ARTICLE M impact

U.S. military opens Strait of Hormuz shipping corridor

Axios, citing two U.S. officials, says the U.S. military has quietly established a shipping corridor through the Strait of Hormuz, with 15 to 20 tankers using a southern channel along Oman.

USO

USO - Axios - The U.S. military has quietly established a Shipping corridor in and out of the Strait of Hormuz to transport millions of barrels of oil each day — a notable success even as the broader war remains at a stalemate, two U.S. officials told Axios.

Under the operation, which has been underway for the last several weeks, 15 to 20 Tankers have entered and exited the strait through a Southern channel along the coast of Oman.

About 10M barrels of oil a day — roughly half the pre-war volume — are being transported out of the strait and injected into the global energy market, the officials said.