For Oil Markets, the Strait of Hormuz Isn’t Closed Says Blas

US Energy Secretary Chris Wright claims that almost 9 million barrels a day had crossed Hormuz during the previous week, which is significantly higher than most tanker trackers' estimates. The oil market is skeptical of Wright's estimate, with many trackers pegging recent Hormuz flows at around 4 million to 5 million b

Iran has disclosed new missile guidance capabilities, according to Revolutionary Guards officials, as the country insists the US must meet its conditions.