A record daily volume of oil since the start of the war was transported through the Strait of Hormuz — U.S. Department of Energy

On Monday, more than 17 million barrels of oil passed through the Strait of Hormuz—the highest volume since the start of the war with Iran, U.S. Energy Secretary Chris Wright said in an interview with CNBC. By comparison, in 2025, about 20 million barrels per day were exported via this route. And when taking into account shipments via pipelines in Saudi Arabia and the UAE—which allow for bypassing the Strait of Hormuz—oil shipments from the region have even exceeded pre-war levels, Wright said.

Against the backdrop of this statement, oil prices halted their rise, which had been driven by a new escalation of the military conflict following a month of calm. Futures for the benchmark Brent crude fell by about 0.4% and dropped below $95 per barrel, although they had reached $96.50 earlier in the trading session.

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