Oil slips as Hormuz export claims outrun private estimates
TL;DR
Oil prices fell about 2% after the U.S. said Strait of Hormuz exports are near 9 million barrels per day, higher than private estimates, with WTI at $81.25 and Brent at $87.07; the week still shows roughly a 4% gain as no traffic-deal materializes. Government data suggest Hormuz flows around 9 mbpd (plus pipelines), while the IEA expects demand to fall about 1.6 mbpd this year amid Gulf tensions and vessel disruptions.
- Oil prices fall after U.S. says crude exports through Strait of Hormuz near 9 million barrels per day CNBC
- The Trump administration claims oil is flowing normally again. There’s just one problem CNN
- An Influx of Middle Eastern Oil Is Finally Hitting American Shores Bloomberg.com
- The US says more oil is leaving the Middle East, but is it really? Reuters
- The Trump Administration's Hormuz Oil Numbers Don't Add Up Reason Magazine
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