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diplomacyJun 12, 2026
The Strait of Hormuz Has Been Closed for 100 Days. Why Isn't Oil Higher?
Summary
This week, President Trump claimed a secret US mission had moved 100 million barrels of oil through the Strait of Hormuz while it was blockaded. The claim landed in an industry already consumed by the question of how much oil is actually getting out – and nobody, it turns out, can answer that with confidence.
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- Carla SertinBy Carla Sertin
This week, President Trump claimed a secret US mission had moved 100 million barrels of oil through the Strait of Hormuz while it was blockaded. The claim landed in an industry already consumed by the question of how much oil is actually getting out – and nobody, it turns out, ca…
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