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Trump Says U.S. Is Reopening Strait of Hormuz

By Drooid · · How we work

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Story summary
  • President Donald Trump says United States is reopening the Strait of Hormuz.
  • Energy Secretary Chris Wright said ten million barrels per day flowed through Hormuz last week.
  • Reuters recorded only 14 vessels transiting the strait over the weekend.
  • Brent crude rose $3.21 to $107.82 a barrel after an Iranian ship attack and Saudi drone strike.
  • Christopher Haines warned prices could keep rising because the Strategic Petroleum Reserve has little to release.
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