
Tensions in the Strait of Hormuz drive oil prices as US and Iran both claim control
About 20 million barrels of Gulf oil flowed through the strait prior to the start of the war.
Ships were seen in the Strait on Saturday, as the Trump administration continues to actively assert that the US Navy is in control of the passage, where about 20% of the world's traded oil passed before the war.
This was after Energy Secretary Chris Wright told CNBC on Wednesday that 17 million barrels were carried through the strait on Monday with assistance from the US Navy.
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