US military created secret path through Hormuz, 10 million barrels of oil pass daily - report

The U.S. military is engaged in a covert operation to ensure oil transport through the Strait of Hormuz, according to sources familiar with the situation. Axios reported that a secret shipping corridor has been established, enabling the daily transit of millions of barrels of oil.

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The Strait is open. A lot of boats are coming through, adding that "We are getting a lot of oil out."

This operation facilitates the movement of 15 to 20 tankers daily along a southern channel near Oman's coast. The sources estimate that roughly 10 million barrels of oil are being exported daily through this corridor, representing about half of the volume seen before the conflict. The operation has reportedly been ongoing for several weeks.

U.S. President Donald Trump has publicly asserted that the Strait of Hormuz remains open and that oil is flowing freely. He noted a decrease in oil prices, stating they have fallen from projections of $350 a barrel to around $84-$85. Trump suggested the strait's importance may diminish as alternative routes and pipelines are developed.

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The strait is open. A lot of boats are coming through.

Despite official assurances, preliminary shipping data has shown fluctuating traffic through the strait. While crossings saw a slight increase over the weekend, they slowed again amid fears of potential attacks on vessels. Some ships may be transiting with their transponders switched off, meaning they are not included in official tallies.

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The Hormuz Strait is not going to be quite as important as it was in the past, explaining that "people found other alternatives [to the strait], record numbers of pipelines are being built."