This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the free flow of energy to the World, he said.
The Strait of Hormuz is in spotlight amid the US-Israel-Iran war. Iran has announced closure of Strait. Located between Oman and Iran, the Strait functions as a vital artery for global oil trade. 20.8 million barrels of oil and products transit the Strait this year. 15.4 million barrels per day is crude oil.
Also read: https://industrialeconomist.com/strait-of-hormuz-all-you-need-to-know/
