Strait of Hormuz traffic this week was 20% of pre-war average, though US says “oil is flowing”

The number of ships crossing the Strait of Hormuz rose 27 percent in the past week, according to a CNN analysis of figures from the UK Maritime Trade Operations center (UKMTO), which recorded 103 entering and 89 leaving. However, that is only 20 percent of the seven-day pre-war average, with the waterway still a focal

US officials assert that oil is moving through the Strait of Hormuz at a pace far exceeding market projections. External data indicates a drop in oil tanker activity and a decline in global stockpiles. This divergence raises questions about the true amount of crude oil flowing into worldwide markets. Additionally, shad

WHAT’S HAPPENING TODAY: Good afternoon and happy Thursday, readers! For all you book lovers out there, the 2026 National Book Festival will be happening this weekend in D.C. There will be several authors and celebrities, including Kate McKinnon and Martin Scorsese, in attendance. The event is free and open to the publi

Traffic through Hormuz Strait shows no rise, data suggests Shipping traffic at the Strait of Hormuz did not rise, with a total of nine vessels transiting the strategic waterway on Wednesday - unchanged from the previous day, Kpler data showed.