Oil transported through the waterway averaged 4.9 million barrels per day in the second quarter of this year, according to the US Energy Information Administration's Short-Term Energy Outlook. About 9 million barrels of oil a day exited the strait on average over the past week, according to Energy Secretary Chris Wright. The agency estimates that Middle East production shut-ins eased to average about 5.5 million barrels a day in July, compared to 7.5 million barrels a day in June. The volume of oil shut in is expected to increase again to 6.6 million barrels a day in the third quarter. Related articlesUS sees oil disruptions from Iran conflict reaching 600,000 bpdWhy Wednesday's inflation print could provide the next dovish catalystTrump says U.S. is 'low-keying it' with Iran as its economy struggles