Hormuz strait oil traffic way down after ceasefire; Hassett says even one tanker is big
"... being mindful of the fact that if you get one of those big tankers through, that’s 2 million barrels. So that’s a huge chunk of what’s missing," he said.
Before the war, about 20 million barrels of oil were transiting the strait per day. ...
Estimates of supply lost which I have seen today say 9 million barrels per day of supply have been lost, worse than the COVID shutdown.
