US Treasury Secretary Scott Bessent said 10 million to 17 million barrels of oil were still moving through Hormuz each day
Question
US Treasury Secretary Scott Bessent said 10 million to 17 million barrels of oil were still moving through Hormuz each day
Direct answer
The official estimate indicates severe but incomplete disruption rather than a full closure, creating two-sided crude exposure: persistent flows limit the supply shock while the reported attacks preserve a large risk premium.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-24
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “US Treasury Secretary Scott Bessent said 10 million to 17 million barrels of oil were still moving through Hormuz each day”, revision 1, evidence through 2026-09-24. https://marketontology.com/market-events/2026-09-24/us-treasury-secretary-scott-bessent-said-10-million-to-17-million-barrels-of-oil-2d568e
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| BZ=F | Ongoing flows cap the immediate physical shortage, while reported attacks and naval enforcement preserve the possibility of further disruption. | Mixedintraday | Bessent reported 10 million to 17 million barrels per day moving through Hormuz despite attacks and said Iran could target passing vessels. |
| GC=F | Continued military risk around a critical energy chokepoint increases demand for safe-haven gold. | Up1-5d | The official account described ongoing attacks on tankers and active US naval protection and blockade enforcement. |
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What happened next
Price follow-up pending — no stored daily closes for these assets yet.
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Sources
Related
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