Dispute arises over Strait of Hormuz closure and oil shipments

Attacks in the Strait of Hormuz are pushing oil prices toward $100 per barrel despite a US crude build, while a dispute has arisen over whether the chokepoint is fully shut down by Iran or whether non-Iranian crude continues to pass through daily.

• Attacks near the Strait of Hormuz are actively pressuring crude prices upward
• Oil prices are approaching the $100 mark despite a US crude build
• Iran claims the Strait of Hormuz is shut down
• The Trump administration states 9 million barrels a day of non-Iranian crude are still getting out