The oil of Hormuz has turned into a “mystery”
The US government says that more than 8 million barrels per day are crossing the Strait of Hormuz — and that, in a single day, the volume would have passed 15 million.
But the main maritime trackers estimate only 2 to 6 million barrels/day. (The Wall Street Journal)
The explanation? Many ships are turning off their AIS transponders, becoming practically “invisible” during the crossing. Even so, the oil loading and unloading data does not fully confirm Washington’s figures.
The result is a crucial dispute: how much oil is really managing to escape from Hormuz? The answer may determine the next moves in oil prices and even measure who is winning the economic war between the US and Iran.
The US government says that more than 8 million barrels per day are crossing the Strait of Hormuz — and that, in a single day, the volume would have passed 15 million.
But the main maritime trackers estimate only 2 to 6 million barrels/day. (The Wall Street Journal)
The explanation? Many ships are turning off their AIS transponders, becoming practically “invisible” during the crossing. Even so, the oil loading and unloading data does not fully confirm Washington’s figures.
The result is a crucial dispute: how much oil is really managing to escape from Hormuz? The answer may determine the next moves in oil prices and even measure who is winning the economic war between the US and Iran.
