US military says it helped Gulf states export 1.5 billion barrels of oil
Summary
US Central Command said US forces have helped Gulf countries ship more than 1.5 billion barrels of oil since June and supported the safe passage of more than 3,000 commercial vessels through the Strait of Hormuz. Oil exports from the region recovered to prewar levels in September, while Brent crude prices remained above their February level.Key Facts
- CENTCOM said more than 3,000 commercial vessels transited the Strait of Hormuz with US support over six months.
- CENTCOM reported that more than 95 percent of ships using the strait had sailed through safely in recent months.
- Admiral Brad Cooper visited the region and said the US remained committed to freedom of navigation through the strait.
- Cooper said primary shipping routes through the strait were clear of Iranian mines.
- Kpler estimated that 16.5 million barrels of oil per day left the region in September, excluding Iran, matching the prewar average.
- Analysts attributed the export recovery to ship-to-ship transfers, US military escorts and greater use of pipelines.
- Brent crude futures were about $114.50 a barrel on Sunday, compared with a February 27 settlement of $72.48.
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