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Posted on 06/11/2026 3:45:55 PM PDT by MinorityRepublican
President Donald Trump said Wednesday that the U.S. military has secretly helped 200 commercial ships and more than 100 million barrels of oil through the Strait of Hormuz.
"This wildly successful effort is because the UNITED STATES of AMERICA CONTROLS the Strait of Hormuz — NOT Iran," Trump said in a Truth Social post. "Their military is defeated, and their economy is lost."
Trump disclosed the operation earlier Wednesday during remarks to reporters in the Oval Office. He credited the clandestine exports with keeping oil prices around $90 per barrel instead of surging above $200.
But ship traffic through Hormuz is still well below prewar levels, said Helima Croft, global head of commodity strategy at RBC Capital Markets. The world is losing significant volumes of oil every day, Croft told CNBC in an interview.
About 20% of global petroleum supplies, or 20 million barrels per day, passed through Hormuz before the U.S. and Israel attacked Iran on Feb. 28. Traffic through the strait plunged after Iran retaliated by attacking ships and mining the sea lane. The effective closure of Hormuz has led to the loss of more than 1 billion barrels of oil, the largest supply disruption in history.
JPMorgan said last week that more oil might be moving through Hormuz than was publicly visible. The bank estimated around 2 million barrels per day might be getting out on tankers that switched off their transponders.
"Despite the ongoing naval blockade and the steep decline in commercial traffic, surprising volumes of crude and petroleum products still appear to be transiting the Strait," the JPMorgan analysts said in a June 4 note.
In May, Trump announced and then abruptly halted a mission called Project Freedom that sought to escort tankers stranded in the Persian Gulf.
(Excerpt) Read more at cnbc.com ...
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It was done by submarines.
Radar jamming, spoofing?
OMG. Impeachment proceedings must commence. /s
The Iranians realize they cannot stop them at night since they are blind.
😂😂😂😂😂😘😘
God I Love this man!
Trump🇺🇸👍💯
….and the U.S. Armed Forces. Without them, none of this could be possible.👍🇺🇸
‘Merica!!
You just might be right. A friend of mine at the CIA recently sent me this picture. On the back he scribbled, “Moving the oil through the strait.”
At first I thought he was just drunk again. But now I’m not so sure.
😀
Five days worth of a normal flow. There are offer 2K plus barrels worth sitting idle in the area around the strait.
We transport our oil in a yellow submarine...
a yellow submarine....
a yellow submarine.....
Maybe thats why gas just went under 4 dollars near me
The US embassy hostages and military should be richly componensated
The US embassy hostages and military should be richly componensated
Oh absolutely!
If only I had voted for Laughing Hyena Giggles Kamala Harris!
(in before the TDS Whiners?)
If we control Hormuz, why are we transporting oil through in secret?
(Vance / Trump...2028)
That could make Liberals go more crazy! 😧😧
Oh wait...carry on...🤣🤣🤣
Did some Federal Judge okay this?
HEB Killeen, Texas. $3.21 today on credit card.
Maybe that’s why gas just went under 4 dollars near me.
*****************************
Eventually, the oil will get out and prices will be lower for gas.
Consumers always react to high gas prices with a change in driving habits, which should eventually put pressure for the eventual markdown to move supply.
We aren’t there yet, but the current high pricing won’t last forever.
FYI 100 million barrels isa LOT. Cushing, Oklahoma has the massive “tank farm” with the largest storage capacity anywhere. It is huge and just has a bit offer 100 million barrels of capacity.
Cushing is where the benchmark price of American crude is set.
Market strategists say China is acting as a key pressure valve on energy markets, with Beijing’s move to cut crude imports from 11.7 million barrels a day in February to just under 9 million a day by late May helping to ease the Strait of Hormuz supply shock.
China’s cut represents about 74% of the decline in global crude imports, a “disproportionate” share of the adjustment, according to J.P. Morgan analysts, who said this has helped prices remain “remarkably calm” four months into the conflict.
… ——cnbc
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