19 million barrels flow through Strait of Hormuz, Trump declares oil prices are falling
India, June 24 -- US President Donald Trump on Tuesday said that a record 19 million barrels of oil had flowed through the Strait of Hormuz on June 22, adding that the development would help lower oil prices.
In a post on his Truth Social platform, Trump wrote: "19 million barrels of oil flowed out of the Hormuz Strait yesterday, an all-time RECORD."
Highlighting the impact on global markets, he added: "Oil prices are tumbling down, and the world is a much safer place!!!"
The development follows months of hardship and distress for thousands of seafarers and comes in the wake of a memorandum of understanding between Iran and the United States.
The large-scale evacuation operation will be carried out in cooperation with Iran, Oman, othe...
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