Strait of Hormuz Booms Despite War The latest numbers from Energy Secretary Chris Wright's interview with CNBC are a stark reminder that, despite the ongoing conflict between the US and Iran, oil production and exports through the Strait of Hormuz continue to boom.
More than 17 million barrels of oil transited the strait by ship on Monday, marking a record since the war began in late February.
This development raises questions about the effectiveness of economic sanctions against Iran.