US-Israel-Iran War Latest Live News: The flow of oil through the Strait of Hormuz has become a key measure of how the Iran war is affecting global energy markets, and US President Donald Trump now says shipments through the strategic waterway have recovered to levels seen before the conflict. Trump said millions of barrels moved through the strait in recent days, while Iran faced another sign of economic strain after its oil minister resigned.
Speaking to reporters before leaving for Maryland, Trump said oil was moving through the vital shipping route at a pace that had returned to, and at times surpassed, pre-war levels. His comments come as Gulf producers continue to restore exports despite security risks around the waterway.
“We’re getting it through at levels that are now even and sometimes exceeding prior to the war,” Trump said.
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At the same time, Iran has faced growing pressure on its oil sector. Mohsen Paknejad resigned as oil minister on October 4, with Hamid Bovard, the head of the National Iranian Oil Company, appointed acting minister. Iranian state media did not give a reason for Paknejad’s resignation.
US-Israel-Iran War Latest Live News: Trump Says Hormuz Oil Flows Are Recovering
Trump’s latest remarks point to a significant change in the movement of energy supplies through the Strait of Hormuz. The waterway remains one of the world’s most important oil chokepoints, with more than 20 million barrels per day moving through it on average before the current conflict.
“Millions of barrels” of oil have passed through the strait in recent days, Trump said, arguing that the flow has reached levels comparable to those seen before the war.
Independent shipping and oil-market data also show that regional exports have recovered substantially. Reuters reported that Gulf oil exports excluding Iran averaged about 19.2 million barrels per day in September, roughly 81% of the pre-war level. Crude and condensate exports recovered to about 91% of their earlier rate.
The recovery, however, has not been uniform across all petroleum products.
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