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official energy-markets Caracas, Venezuela

US energy secretary says a record 17 million barrels crossed Hormuz on Aug. 31

Energy Secretary Chris Wright told CNBC that more than 17 million barrels of oil transited the Strait of Hormuz on Aug. 31, a wartime record against about 20 million barrels a day before the war, and said Iran is 'losing that card.' CNBC noted that US government figures are higher than those reported by independent ship trackers.

Why this matters. Kpler counted about 10 vessel crossings that day, so the gap between US and commercial data is central to judging whether the US-escorted corridor is working.

2 sources
  1. CNBC
  2. The National

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