Oil flows through Strait of Hormuz near pre-war levels as US weighs Iran sanctions relief

cnn.com —

Oil flows through the Strait of Hormuz averaged 13.1 million barrels per day last week, nearly 80% of pre-war levels, with US Navy support enabling shipments despite the conflict. The surge comes as President Donald Trump signaled willingness to offer Iran sanctions relief and release frozen funds, contingent on "concrete progress" on nuclear issues, according to a US official. Mediators are working to bring both nations back to negotiations, with the strait's traffic representing a key indicator of wartime stability in the region.


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