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  5. Trump Says U.S. Secretly Moved 100 Million Barrels Through Strait of Hormuz

Trump Says U.S. Secretly Moved 100 Million Barrels Through Strait of Hormuz

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US President Donald Trump claimed the United States secretly moved more than 100 million barrels of oil through the Strait of Hormuz.

  1. US
    Donald Trump
    Republican Party
    1. Millions of barrels of oil has come out, and that's why it's at $85-$90 a barrel, instead of $250.
    2. This wildly successful effort is because the UNITED STATES of AMERICA CONTROLS the Strait of Hormuz — NOT Iran. Their military is defeated, and their economy is lost. It's over for Iran!
    3. You know who doesn't know about it? Iran, until right now. We took out the other night 22 ships, late at night with no lights, because they don't have any radar, because we blasted the crap out of it.
    4. You know, I can say it now, something you didn't know. You know, we've been taking out millions of barrels of oil. Nobody knows it.
    5. Today, I am pleased to announce that this effort has resulted in more than 100 MILLION Barrels of Oil making its way through the Straight, and into the Open Market. More than 200 Commercial Ships have safely traveled through the Strait.
    6. Last month, I directed our Great U.S. Military to execute a secret mission to support Oil Tankers and other Commercial Ships through the Straight of Hormuz.
  2. US
    Chris Wright
    US Department of Energy
    1. Oh no, I do not think the president is lying. I think the president's talking casually about our efforts to stop the flow of Iranian oil.
  3. RU
    Natasha Kaneva
    JPMorgan Chase
    1. Rather, they are signaling that the market has found ways — albeit costly ones — to absorb it.
    2. Taken together, these adjustments help explain why prices near $100 are not signaling that the disruption is small.
    3. Despite the ongoing naval blockade and the steep decline in commercial traffic, surprising volumes of crude and petroleum products still appear to be transiting the Strait.
  4. US
    Bob McNally
    Rapidan Energy
    1. It's not nearly enough to avoid big and bullish inventory draws, but it does take some of the edge off.
    2. We assume Hormuz traffic has been 0% to 10% of prewar flows, but with this leakage it could be a little higher.
  5. US
    Jan Stuart
    Piper Sandler
    1. You'll need to persuade people. That's far easier to do when prices are high.
    2. There has been far better mitigating of the crisis than I would have thought possible.

sources

  1. 1.The New York Times
  2. 2.The Times of India
  3. 3.CNN
  4. 4.CGTN
  5. 5.CNBC
  6. 6.ABC News
  7. 7.Golf News
  8. 8.Hindustan Times
  9. 9.Reuters

perspectives

  1. 1.US Foreign Policy
  2. 2.Iran Foreign Policy
  3. 3.Saudi Foreign Policy
  4. 4.Inflation
  5. 5.Oil Market
  6. 6.Shipping industry
  7. 7.Venezuela under Maduro
  8. 8.Russia-Iran Ties

countries

  1. 1.Iran, Islamic Republic ofIR
  2. 2.United StatesUS
  3. 3.IsraelIL
  4. 4.ChinaCN
  5. 5.OmanOM
  6. 6.Saudi ArabiaSA
  7. 7.United Arab EmiratesAE
  8. 8.IndiaIN
  9. 9.IraqIQ
  10. 10.KuwaitKW
  11. 11.QatarQA

organizations

  1. 1.JPMorgan Chase
  2. 2.Truth Social
  3. 3.US Army
  4. 4.US Central Command
  5. 5.Piper Sandler
  6. 6.White House
  7. 7.Rapidan Energy

persons

  1. 1.Donald TrumpUS
  2. 2.Bob McNallyUS
  3. 3.Chris WrightUS
  4. 4.Evan Vucci
  5. 5.James David VanceUS
  6. 6.Jan StuartUS
  7. 7.Natasha KanevaRU

technicals

  1. 1.Strait of Hormuz
  2. 2.Operation Project Freedom
  3. 3.Oval Office
  4. 4.East-West Pipeline
  5. 5.Persian Gulf
  6. 6.Red Sea
Trump Says U.S. Secretly Moved 100 Million Barrels Through Strait of Hormuz