Persian Gulf Activity: 1.7/day last week vs. 0.3/day prior week
Red Sea Activity: 11.1/day last week vs. 18.6/day prior week
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| JMIC Advisory Mar 29 |
Persian Gulf Activity: 1.7/day last week vs. 0.3/day prior week
Red Sea Activity: 11.1/day last week vs. 18.6/day prior week
![]() |
| JMIC Advisory Mar 29 |
Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
... “That was three days ago, and I didn’t think much about it,” he said. ...
No kidding.
This cockamamie idea sounds like it was thought up by Howard Lutnick.
The vessels went to China and India, and transited along the coast of Iran after passing between Qeshm and Larak and did not take the usual central passage, so they probably had to pay tolls.
I wonder if they sent the bill to Mexico? 🤣
Sounds more like a gift to our competitors and enemies than to us.
UKMTO reported ten transits two days ago, but not all were oil, and some were outbound and some inbound; this summary is probably what someone showed to Trump and they just assumed it was all oil outbound when it was not:
Historical transits is approximately 138/day with just 3 observed in the last 24 hours.
Reported here.