Six Million Barrels Move Through Hormuz; Major Oil Risk Remains
Three supertankers carrying 6 million barrels of Middle East crude exited the Strait of Hormuz on Wednesday after waiting over two months, shipping data showed. A fourth tanker was entering the waterway. Brent crude fell over 4% to $106.52 a barrel after President Trump said Iran talks were in “final stages.” The U.S. Navy warned the area remains “high risk” following recent ship attacks.