- Brent crude dropped toward $102 a barrel and WTI traded near $92, reversing an almost 4% gain on Wednesday.
- US Treasury Secretary Scott Bessent told Fox News that 17 million barrels sometimes transited the Strait of Hormuz per day.
- Clarksons Research put the daily Hormuz volume at about 8 million barrels earlier this month, below the US figure.
Quotes
“17 million barrels “sometimes” transited Hormuz per day”
“about 8 million barrels earlier this month”