🇮🇷🇺🇸 Oil is still getting through Hormuz, but this past week has been brutal.
So far this month, more than 12 million barrels a day have made it through on average, up from September, even with 26 ships attacked in October alone.
Over 9 million barrels a day are moving under U.S. military protection.
But the strain is starting to show. Last Thursday, nearly 23 million barrels got through, and yesterday, only about a tenth of that did.
That was the same day a cargo ship sank after being hit by an unknown projectile.
For crews willing to risk it, that’s reportedly an extra $25,000 per trip. For everyone else, Brent is still sitting above $104.
Source: New York Post / Writer: Daniyal
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