President Donald Trump says the United States is making progress in reopening the Strait of Hormuz and escorting more oil through the waterway, yet oil prices have jumped in recent days. The recent attacks on shipping in the Strait of Hormuz and Saudi energy infrastructure have also pushed crude prices up, with Brent crude rising $3.21 to $107.82 a barrel. The apparent contradiction between US claims and surging oil prices shows the reality on the ground is complicated at best. So, what do we know about shipping traffic in the Strait of Hormuz, and where are oil prices headed? Washington says traffic through Hormuz has been improving despite the two sides being in a diplomatic deadlock.
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