Geopolitics
Only Two Days of Global Oil Demand Passed Through Hormuz During Ceasefire
The Duran
US-Iran Deal Is Dead, Strikes Resume. Hormuz Set To Close as Oil Reserves Run Low
What was said
"200 million barrels they got through the Strait of Hormuz over the past three weeks of the MOU ceasefire. According to oil experts Alexander that is about two days of global demand. 60 million barrels of that 200 million was Iranian which was sanctioned. Trump lifted the sanctions. Trump has now put the sanctions back on."
During the three-week ceasefire, only 200 million barrels passed through the Strait of Hormuz—equivalent to just two days of global oil demand—with 60 million of those barrels being previously sanctioned Iranian oil destined mostly for China. The limited oil flow did little to resolve U.S. strategic petroleum reserve shortages or global energy pressures, though it temporarily lowered gas prices before midterms.
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- Programme
- The Duran
- Episode
- US-Iran Deal Is Dead, Strikes Resume. Hormuz Set To Close as Oil Reserves Run Low
- Clip time
- 5:55
- Original source
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