00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Trump administration says millions of barrels of oil are moving through the Strait of Hormuz
00:07each day, but commercial ship trackers report much lower volumes, according to the Wall Street
00:12Journal. Energy Secretary Chris Wright said seven-day average exports recently exceeded
00:18eight million barrels a day. Estimates from tracking firms range from roughly two million
00:23to six million barrels a day, though some short-term data has approached the administration's
00:28figures. Trackers say many tankers are crossing with transponders turned off, making real-time
00:34estimates difficult. Oil markets remain relatively calm, with Brent crude around $90 a barrel
00:40and physical market supply pressures easing from earlier in the war.
00:44For all things money, visit Benzinga.com.
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