Hormuz oil shipments reach six-month high says US commander

…gas shipments through the Strait of Hormuz in the past two weeks reached the highest level in six months, signaling that US naval protection and mine clearance efforts are “paying off,” a regional US commander said. “ Clearly, momentum is building ,” Admiral Brad Cooper, head of US Central Command, said in a video message Saturday. The strait’s primary transit lanes are clear of mines and Persian Gulf allies have shipped more than 1 billion barrels of crude…

…Secretary Chris Wright said on Sept. 13 that markets will need to continue relying on transit that he estimates at 10 million barrels a day of crude and oil products through the Strait of Hormuz. He called oil markets “ tighter than we’d like today, but they’re not overly tight. ” Cooper said the US — along with Persian Gulf allies, insurers and shipping companies — is working to further increase the flow through the strait. “The effort is paying off,” he said. “The volume of crude oil, cargo,…