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Trump says millions of barrels of oil passed through Hormuz in couple of days, claims Iran oil minister quit over economy

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US President Donald Trump claims that millions of barrels of oil have passed through the Strait of Hormuz in recent days.

What happened

US President Donald Trump stated that millions of barrels of oil have been delivered through the Strait of Hormuz in the last couple of days, with oil flows reaching levels comparable to or higher than those seen before the conflict in West Asia. Iranian oil minister Mohsen Paknejad has reportedly resigned from his post, although no reason was given for his resignation. Hamid Bovard has been appointed as caretaker oil minister until a new minister is approved by Parliament.

Why it matters

The situation in the Strait of Hormuz and the resignation of Iran's oil minister may have implications for global oil markets and international relations.

Key facts

  • Millions of barrels of oil have passed through the Strait of Hormuz in recent days
  • Oil flows through the Strait of Hormuz have reached levels comparable to or higher than those seen before the conflict in West Asia
  • Iranian oil minister Mohsen Paknejad has reportedly resigned
  • Hamid Bovard has been appointed as caretaker oil minister

Topics

Publisher evidence used

Reporting attributed to bignewsnetwork.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.

Read at bignewsnetwork.com

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