Strait of Hormuz: A Thin Veneer of Control The recent attacks on shipping and oil infrastructure in the Strait of Hormuz have pushed oil prices to a new high, despite US claims that the waterway is under its control.
The apparent contradiction between Washington's assertions and the surging price of crude has sparked speculation about the future of global oil supply.
According to US Energy Secretary Chris Wright, 10 million barrels of oil per day are passing through Hormuz – still significantly lower than pre conflict levels.