Hormuz oil flows reach 10M+ bpd ...Iraq

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Between 10 million and 11 million barrels of oil are passing through theStrait of Hormuz each day, a senior White House official told AgenceFrance-Presse (AFP) on Saturday, playing down the impact of restrictionsimposed by Iran on the strategic waterway.

On Friday, US Central Command (CENTCOM) confirmed that it had diverted 105commercial ships since the United States resumed its naval blockade of Iran onJuly 14.

Hormuz, through which roughly 20% of the world's oil passes, hasremained largely closed under Iranian restrictions since Feb. 28, following thejoint US-Israeli war on Iran. The corridor briefly reopened after a US-Iran memorandumof understanding (MoU) took effect on June 18, but closed again amid renewedmilitary escalation, with Tehran maintaining that the waterway remains underIranian control. US President Donald Trump, meanwhile, has described the waterway as"open and operating."

Read more: Regional Hormuz talks postponed in Oman

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