U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May

The U.S. military has been actively aiding the passage of oil through the Strait of Hormuz. According to the U.S. announcement, it has facilitated the transit of 660 million barrels of oil since May. This effort comes amid escalating security risks in the region, which have led to a significant drop in ship traffic. The U.S. military's involvement is aimed at ensuring the safe passage of oil tankers through one of the world's most strategic waterways.

The Strait of Hormuz is a critical chokepoint for global oil supplies, with approximately 20% of the world's oil passing through it daily. The U.S. operation is seen as a response to heightened tensions and security threats in the region. However, the effectiveness of this operation is uncertain. According to The New Arab, the U.S. operation may not fully alleviate the underlying risks.

Meanwhile, Vinanet notes that while shipping traffic has rebounded following a U.S.-Iran interim deal, confidence remains fragile. The situation in the Strait of Hormuz is complex and volatile, with various factors influencing the safety and efficiency of oil transit.