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Mirror-FinishTeacupWith

The Strait of Hormuz is tightly shut off; the crude oil market is probably about to go on a roller coaster ride.

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CoinNetwork
CryptoWorld News, U.S. Energy Secretary Wright stated that approximately 7 million barrels of oil and fuel are transported daily through the Strait of Hormuz, accounting for about half of the cargo stranded at the start of the Iran war. Wright said that currently no Iranian crude oil can pass through the Strait of Hormuz. He added that if an agreement is reached, he expects all products to be able to pass freely through the Persian Gulf. Wright also pointed out that if an agreement is not reached, the U.S. military will resume transportation along the route. Wright stated that the United States will not implement an oil export ban to suppress oil prices.
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