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Benzinga
Benzinga
Business
Namrata Sen

US Reportedly Runs a Covert Shipping Corridor in Hormuz, Moves 10 Million Oil Barrels Daily—Analyst Says 'Major Development if...'

Oil Supply Shock Deepens

The U.S. military has reportedly established a “stealth” shipping corridor in the Strait of Hormuz, a critical oil transport route.

The operation has been in progress for several weeks. Each night, 15-20 tankers traverse the strait via a southern channel along Oman’s coast, transporting approximately 10 million barrels of oil daily, which is about half the pre-war volume, into the global energy market, Axios reported on Wednesday.

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