Secretary Chris Wright wrote on X on the 11th, “Thanks to the coordinated efforts of the U.S. military and our Gulf allies, the seven-day average for oil leaving the Strait of Hormuz is currently up to almost 9 million barrels per day. When combined with the additional 5-7 million barrels per day leaving the region via newly upgraded pipelines and export facilities, total oil flows are currently averaging approximately 15 million barrels per day.
“On Sunday alone, over 20 million barrels left the Arabian Gulf region, exceeding the pre-conflict average.
“In coordination with the U.S. military, the U.S. Department of Energy maintains the best available data related to oil and oil products leaving the Arabian Gulf. Many private businesses undercount the number of ships leaving the Strait of Hormuz due to ships moving covertly through the waterway,” Wright said.
As we speak, a new pipeline skirting the Strait is being added. At the same time, the U.S. Navy has blocked the Strait. Many of Iran’s bridges, railroads, and transport arteries are destroyed.
Reportedly, Iran’s soldiers and security personnel are quitting.
Iran’s inflation hit 300%.
The US Navy is always somewhere, so now it serves a distinct purpose.
Since 80% of Iranians are not practicing Muslims, it is up to them to topple this regime. Hopefully, arms are getting to them.
The US is drilling more than ever, and our future will bring prices down.
The stock market is hitting new record highs. The Producer Price Index (PPI) rose just 0.03 in July. The PPI has seen a near-zero increase over the last 3 months. PPI is the Fed’s preferred measure of inflation because it predicts future CPI readings. Reportedly, about 3.5 million illegal migrants have been removed from the country under President Trump.
