WASHINGTON—U.S. Vice President JD Vance said oil flow through the strategic Strait of Hormuz is “almost” back to pre-war levels.
The statement comes amid international
attention on the situation in this important shipping lane, through which a
significant portion of the world’s trade in oil and other energy products
passes.
Vance noted that crude oil traffic
through the strait has recovered considerably, approaching pre-war levels.
The Strait of Hormuz, located between
Iran and Oman, is one of the world’s major energy transit points. Any prolonged
disruption to this waterway could put pressure on international markets, raise
fuel prices, and disrupt global supply chains.
The evolution of traffic through Hormuz
continues to be a key indicator for determining the economic impact of the war
and the level of risk that persists on the global energy supply.