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CENTCOM Claims US Military Has Escorted A Billion Barrels Of Crude Out Of Hormuz
Brent crude futures eased toward $103 a barrel by the end of the week as mixed Iran headlines and hopes for renewed diplomacy around next week's United Nations General Assembly weighed on energy markets.
On Saturday morning, CENTCOM commander Adm. Brad Cooper said the US had escorted 1 billion barrels of oil and more than 2,000 commercial vessels out of the Persian Gulf over the past couple of months.
Hostilities at the Hormuz chokepoint continued into Friday, as CBS News reported that two vessels were hit by projectiles. Iran claimed responsibility for striking one over an alleged "illegal crossing."
President Trump said Thursday he would soon make a "big decision" on whether to launch a major assault to "annihilate" the Iranian regime. "It's a big decision," the president told Axios ahead of a planned meeting with Persian Gulf leaders next week. "Anything could happen to me."
We suspect any major action against the Iranian regime could come after the midterm elections, whether kinetic, securing or neutralizing Kharg Island, or a next phase of expanded sanctions that could include not just Tehran but also China.
Middle East oil exports have stayed resilient despite the Saudi East-West pipeline disruption, largely because flows have been rerouted through Hormuz.
UBS oil and gas analyst Henri Patricot wrote in a note that combined crude and petroleum-product exports through the critical waterway and alternative routes reached about 14 million barrels a day in the two days preceding Friday. He said the weekly average remained around 12 million barrels a day, compared with more than 20 million before the conflict kicked off in late February.
That still leaves global oil markets with a deficit of more than 8 million barrels from these export routes on a weekly basis. This only shows the scale of the disruption that continues ahead of the Northern Hemisphere winter, as Saudi Arabia told major refineries in Europe that crude loadings would be halted next month due to ongoing disruptions to the East-West pipeline.
Patricot said the increased shipments through the Hormuz chokepoint continue to be driven by "dark transits":
Reduced concerns on near-term flows, same uncertainty on resolution
A pick-up in flows via the Strait of Hormuz in recent days has eased some of the concerns around near-term crude supply, impacting prices. More reports indicate that Aramco will raise exports from Oman over the next few weeks. Flows will reportedly be going to Asia. US President Donald Trump said that the is nearing a decision over whether to restart attacks on Iran. He is due to meet GCC leaders next Tuesday. Meanwhile attacks on vessels in the Strait of Hormuz have reportedly continued.
Flows going up in the past couple of days, despite Yanbu interruption
We estimate total crude oil and oil product exports via Hormuz plus volumes diverted to the bypass routes were up to 14Mb/d in the past couple of days, despite the drop in Yanbu. Total flows remain at 12Mb/d on a weekly basis vs. the >20Mb/d preconflict. The increase continues to be driven by dark transits via Hormuz as visible volumes in the latest UBS Evidence Lab data. Another LNG carrier left the Gulf yesterday, the second one we have seen exiting this month. Flows via the Bab el Mandeb Strait remain within the recent range.
Gulf loadings ramping up Gulf
Gulf crude loadings ex-Iran rose to >10Mb/d over the past 2 days and are near their highest level since the start of the conflict at 8.1Mb/d over the past week vs. the August average of 5.5Mb/d. This is driven by higher Saudi and Iraqi exports. There is still no fresh Iranian crude loading on the other hand . Including Fujairah, loadings on the bypass routes averaged 2.5Mb/d in the past 2 days and are at 4.9Mb/d so far in September vs. 3.4Mb/d in August and 6.4Mb/d in July. Oil product loadings in the Gulf are also bouncing back slightly, above 1.5Mb/d vs. sub-1Mb/d for most of the conflict.
Separately, JPMorgan's head of global markets strategy, Dubravko Lakos-Bujas, told clients, "Middle East oil exports have stayed unexpectedly resilient despite the Saudi East‑West pipeline disruption, largely because flows have been rerouted through Hormuz."
Brent crude futures settled around $103.87 a barrel on Friday, while the US diesel crack spread closed around $112.60 a barrel, suggesting the crisis is less about crude and more about refining (read Goldman's diesel report), specifically diesel.
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Trump Drops 'Fake News' Receipts As CNN, MSNBC, Politico Journos Have White House Badges Revoked
Update (1200ET): Following through on his promise, journalists from CNN, MS NOW, and Politico were denied access to the White House grounds on Sept. 19 after President Donald Trump announced a ban targeting the outlets the day before.
Akayla Gardner, a White House correspondent for MS NOW, said that her press pass was revoked at the third gate she passed through to enter the grounds on Saturday morning.
“Once I was inside where we have magnetometers, I attempted to scan my badge, which we have to do to be able to get into the White House grounds,” Gardner said during a live broadcast on MS NOW.
“It did not work. There was a red beeping light, and so the officer asked me to hand over my badge. He said that it was disabled.”
Gardner said the officer on duty wasn’t able to explain specifically why her badge did not work, allegedly saying the decision “was above him.”
Gardner’s badge and her photographer’s badge were both then “taken” away from them by security, she said. However, an MS NOW producer’s pass was approved, and the employee was still able to go inside, Gardner said.
MS NOW defended its team and newsroom in a statement on Saturday morning, saying the media channel plans to take “any and all steps necessary to defend our First Amendment rights” as journalists in a democracy.
“The White House belongs to the American people and the decisions made inside are funded by our tax dollars,” MS NOW stated on social media.
The outlet stated that it will continue reporting on the Trump administration, even if its reporters are not allowed on White House grounds.
CNN’s reporter Betsy Klein was also denied access and had her press pass revoked.
CNN responded with a statement defending its White House team:
“CNN stands fully behind our White House team and their fair and accurate reporting,” the statement read.
“We have a right under the U.S. Constitution to do that reporting without hindrance or interference from the government. Should the ban which President Trump threatened go ahead, it would be an illegal assault on that fundamental and constitutionally-protected right.”
POLITICO editor-in-chief Jonathan Greenberger shared in the publication’s daily newsletter Playbook that the company’s White House reporter, Cheyenne Haslett, was also locked out on Saturday.
“Secret Service denied her entry to the complex and confiscated the pass that allows her access to the White House,” the statement read.
“We stand by her and all reporters here covering the White House. As we said yesterday, we will vigorously defend our First Amendment rights.”
White House Correspondents’ Association president Jacqui Heinrich, a Senior White House Correspondent for Fox News Channel, accused the White House of singling out CNN, MS NOW and Politico for “doing their jobs.”
“The Constitution protects the freedom of the press from government interference,” Heinrich wrote in a statement on Sept. 19.
“That protection does not depend on whether the president likes a news organization’s coverage, agrees with its reporting, or approves of the questions its journalists ask.”
Shortly thereafter, The White House Rapid Response account on X responded with a list cataloging years of the network's own reporting failures and outright fabrications, nearly 50 examples in all...
Ouch!
* * *
As Zachary Stieber detailed last night via The Epoch Times, President Donald Trump on Sept. 18 said he has banned three news outlets from the White House.
Trump said on Truth Social that he was, effective immediately, banning CNN, MS Now, and Politico from the White House “as a result of their constant ‘reporting’ FAKE NEWS!”
The president added:
“Media Outlets shouldn’t be able to constantly write or report FICTION and LIES when they’re covering the President of the United States, the Trump Administration, or the United States of America. Other Fake News Media Outlets to follow.”
MS Now and Politico did not immediately respond to requests for comment.
CNN could not be reached.
The White House did not immediately respond to a request for more details regarding which stories or posts the president was referring to.
Trump routed them during a post-tweet press conference:
"What I do ask is just a semblance of truth. CNN is fake news. MSNOW is fake news. They're fake news. They know it. They're putting there for a reason."
"Politico was bailed out by our government from going out of business."
🔥 President Trump is now LAYING THE HAMMER after the Fake News WHINED that he blocked CNN/MSNOW/Politico from the White House
"What I do ask is just a semblance of truth. CNN is fake news. MSNOW is fake news. They're fake news. They know it. They're putting there for a reason."… pic.twitter.com/sxUtdqwCOQ
Trump added that "I don't want them in my office", stating that he will take this as far he can including "we'll be suing these people too."
He concluded by noting that "there may be other media outlet bans to follow."
The Fake News are Democrat operatives pretending to be journalists.
The toughest question the media ever asked Joe Biden was his favorite ice cream flavor! pic.twitter.com/PMNXrAtRZO
Trump previously banned The Associated Press from the Oval Office and other spaces after the outlet declined to change its stylebook to reflect the president’s renaming of the Gulf of Mexico to the Gulf of America.
A federal judge entered an injunction against the ban, determining that it violated the U.S. Constitution’s First Amendment because it discriminated based on The Associated Press’s viewpoint.
But an appeals court in mid-2025 partially stayed the injunction. The court allowed Trump to ban the outlet from the Oval Office, Air Force One, and some other spaces, concluding that “these restricted presidential spaces are not First Amendment fora opened for private speech and discussion” and that the White House “therefore retains discretion to determine, including on the basis of viewpoint, which journalists will be admitted.
Judges also ruled that Trump could not ban reporters from the White House’s East Room.
“The identified harms are less clear with respect to the East Room, which does not share the hallmarks of spaces like the Oval Office,” the majority said.
At present, however, there is no White House press secretary and the usual press briefings are somewhat disrupted. The most likely immediate outcome is that the administration attempts to remove those networks from the presidential and vice presidential pool rotations.
* * * This bag made out of 1000D Military-Spec Cordura®
Tyler Durden Sat, 09/19/2026 - 16:50