The U.S. military is also expanding its military escort operations for commercial vessels, although the situation remains fragile and global energy markets are vulnerable. “We are restoring supplies of global oil and refined products to the world out of that region.” Before the war, an average of 20 million barrels of crude oil and refined petroleum products moved through the Strait of Hormuz daily. Global markets are still relying heavily on inventories accumulated before the conflict began, and those inventories are finite. Oil Markets Are ChangingAs disruptions in Hormuz continue, global oil markets are changing.