US Vice President JD Vance has said 12.5 million barrels of oil flowed through the Strait of Hormuz following the signing of a deal between the United States and Iran to end the nearly four-month war.
“Last night, 12.5m barrels of oil went through the Strait of Hormuz. That is a high since the beginning of the conflict,” Mr Vance told reporters.
“Oil prices are down nearly at their level from the prewar [level]. Gas prices dropped below $4/gallon today for the first time since the conflict, and importantly, they’re going to keep falling further… The Iranians, for the second night in a row, did not shoot at any ships in the Strait of Hormuz.”
