00:00The United States is allowing Iranian oil tankers to transit the Strait of Hormuz
00:04to help maintain global oil supplies, Treasury Secretary Scott Besant said.
00:09Tanker traffic has dropped sharply as Iran attacks commercial ships in the Persian Gulf,
00:15though the country continues exporting about 1.5 million barrels of oil per day through the route.
00:21The strait normally carries about 20 percent of global oil supplies,
00:25and the conflict has pushed oil prices up roughly 40 percent, with Brent crude near $102 per barrel.
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