Trump is overstating oil volume through Strait of Hormuz; Iranian figures are more reliable

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President Trump is overstating the volume of oil passing through the Strait of Hormuz for production. Iranian figures regarding oil exports are more reliable than American ones because Iran facilitates oil exports for friendly nations like Iraq and uses small, expensive operations in the Persian Gulf for other transfers, indicating that the actual amount of oil passing through the strait is not as high as US figures suggest.