U.S. Energy Secretary Reports Gulf Oil Output

U.S. Energy Secretary Chris Wright confirmed that oil flows from the Gulf have surged to record levels, reaching approximately 18 million barrels in a single day—almost matching pre-war levels. This occurs amid a significant reduction in maritime traffic through the Strait of Hormuz, where the number of ships passing has decreased to only four compared to ten the previous day, amid increasing security risks in the region. These risks include an oil tanker explosion after colliding with mines in the strait. These developments are important because around 20% of the world's oil supplies pass through the Strait of Hormuz, and data indicates that shipping activities are being affected by the war and safety tensions in the area.

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