US Says More Than 17 Million Barrels of Oil Passed Through Strait of Hormuz on Monday
The U.S. secretary of energy said that Iran is losing its ability to 'hold the world economic hostage.'
TL;DR
- Record 17 million barrels of oil transited the Strait of Hormuz on Monday.
- U.S. military protection is credited with enabling this record transit.
- Iran's capacity to disrupt global oil supply is diminishing.
- Iran has engaged in hostile actions against commercial ships in the strait.
- U.S. forces have conducted strikes against Iranian military assets in the region.