The Daily BriefEvening Briefing · Thursday 18 June 2026 · 17:00 BST
Evening Briefing · Thursday 18 June 2026

JD Vance: 12.5 Million Barrels Passed Through Strait of Hormuz Overnight After Formal Signing

US Vice President JD Vance said Thursday that more than 12 million barrels of oil passed through the Strait of Hormuz overnight Wednesday into Thursday following the formal Trump-Iran-president signing. The throughput figure is the principal operational confirmation that the Hormuz reopening is materially functional. The G7 communique commitments translate into implementation phase across European capitals. Macron separately confirmed G7 leaders unanimously welcomed the framework. The Saudi-led six-state regional alignment holds; sanctions-waiver implementation is in operative effect under the 30-day compliance window.

Dive deeper

The 12.5 million barrels overnight figure is the structural operational metric of the Hormuz reopening. Pre-war daily Hormuz throughput averaged 20-21 million barrels per day; the 12.5m figure is the rebuild rate from the wartime closure floor. The first 30-day compliance window for sanctions-waiver operationalisation is the principal structural test; Iran’s commitment to dilute its enriched uranium stockpile is the most material nuclear-track concession of the cycle. The $300 billion reconstruction plan financing architecture reportedly involves Saudi Arabia, Qatar and UAE through sovereign-wealth-fund vehicles tied to the framework Saudi-led six-state alignment.

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