Hormuz Oil Shipments Soar to Six-Month High Amid US Naval Protection Efforts

Oil shipments through the Strait of Hormuz have reached their highest level in six months over the past two weeks, according to a regional U.S. commander.

This improvement is attributed to ongoing U.S. naval protection and mine-clearance operations, which are 'paying off', said the commander.

Saudi Arabia's efforts to reroute crude exports through Oman have also eased concerns over supply disruptions following recent drone attacks on the kingdom's East-West pipeline.

To offset the impact of the pipeline closure, Saudi Arabia has arranged ship-to-ship crude transfers off Oman's Sohar port, located just beyond the Strait of Hormuz. This move is helping provide Asian refiners with additional crude supplies, according to CNBC, citing Reuters.