Geopolitics
The US military has quietly established a shipping corridor in and out of the Strait of Hormuz to transport millions of barrels of oil each day, Axios reports, citing two US officials
StockNow breaking-news AI analysis
US CENTCOM degraded Iranian surveillance, enabling a 10M bpd oil corridor. Combined with pipelines, 15M bpd is reaching markets, easing price pressure despite ongoing regional conflict.
News detail
About 10mln barrels of oil a day are being transported out of the strait and injected into the global energy market, the US officials said. The operation was made possible by a recent two-week US Central Command military campaign that degraded Iran's radar and maritime surveillance systems. Iran's monitoring is limited to a few radars it managed to reconstitute as well as "spotters" in small IRGC fast boats.
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