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U.S. Military Assists Energy Shipments Through Hormuz Strait
Nearly 13 million barrels of oil pass through the strategic waterway each day, alongside natural gas and fertilizer shipments.
The U.S. military is assisting oil, natural gas and fertilizer shipments through the Strait of Hormuz, the U.S. energy secretary said Sept. 27.
Nearly 13 million barrels of oil pass through the strait each day. The assistance also covers shipments of natural gas and fertilizer.
The statement identifies military support for commercial energy and agricultural cargoes moving through the waterway.
The scale of oil flows through the strait makes the passage relevant to energy markets and inflation-sensitive assets, while fertilizer shipments connect the operation to agricultural supply chains.
