Strait of Hormuz flows are hovering at ~13-14 million barrels a day (7-day average). That's about the same as the brief peak in July. But with two notable difference: a) Iranian flows are zero (rather than ~2m b/d); b) all flows are fresh loadings, rather than pre-loaded tankers.
Moments ago a US official told CBS that the Trump administration is having "positive and constructive discussions through the mediators." Iran has proposed a 7 day plan to reopen the Strait of Hormuz but this US official said the following: "The United States is in a very strong position with control of the Strait of Hormuz, so we are not in a rush. Over the last 48 hours, nearly 40 million barrels of oil have transited the Strait. " h/t @saraecook
Iranian President Pezeshkian joined us for an interview about the state of diplomacy with the US to reopen the Strait of Hormuz, the nuclear program, the Supreme Leader & the war. @FaceTheNation
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🚨“Positive and constructive discussions” are underway between U.S. and Iranian officials through mediators, a U.S. official tells me @NewsNation
The official says the U.S. is in “a very strong position with control of the Strait of Hormuz, so we are not in a rush.”
Nearly 40 million barrels of oil have transited the strait over the past 48 hours, according to the official.