US Claims to Have Sneaked 100 Million Barrels of Oil Out of Hormuz Strait

The Lead

US President Donald Trump has claimed that the United States has been secretly taking out millions of barrels of oil from the Strait of Hormuz, despite tensions with Iran. In a statement, Trump said that the US has "been taking out millions of barrels of oil. Nobody knows it".

Trump's Claims on Secret Oil Mission

Trump stated that he directed the US military last month to undertake a "secret mission to support Oil Tankers and other Commercial Ships through the Strait of Hormuz". He added that this effort has led to the movement of 100 million barrels of oil, transiting the strait. "More than 200 Commercial Ships have safely traveled through the Strait. This wildly successful effort is because the UNITED STATES of AMERICA CONTROLS the Strait of Hormuz — NOT Iran," Trump wrote.

The Event Details

The Strait of Hormuz, a narrow and strategic waterway, hosts 20 percent of the world's energy flows. It has largely been shut since early March after the US and Israel attacked Tehran. Iran had agreed to allow limited ships from select "friendly" countries through, on the condition that they negotiated their transit with Iran.

The Data Analysis

Before the war broke out in the Gulf waters, about 140 vessels, including oil tankers, transited the chokepoint passage daily, sandwiched between the coasts of Iran and Oman. The passage hosted about 20 million barrels per day before tensions. Trump's claim of 100 million barrels of oil is roughly equal to five days of pre-war output.

The Impact Analysis

The US military's role in aiding ships is not clear. Tim Hawkins, a Central Command (CENTCOM) spokesperson, said in a statement that the forces "communicate and coordinate" with commercial ships in the area without delving into details. The Gulf countries, including Saudi Arabia, the United Arab Emirates, and Qatar, use the waterway to export supplies.

The Prediction

Iran has come around to see the Strait of Hormuz as an economic lifeline in post-war times, and has introduced insurance-like charges to authorise transits. The US has opposed this imposition, and critics have said it is essentially an illegal toll booth in an international waterway. Tehran says the Strait of Hormuz is not in international waters, but shared exclusively between Iran and Oman.