The US military's central command, CENTCOM, announced on Saturday, November 14, that the US Air Force F-16s are patrolling over regional waters in the Middle East. Centcom added that the Persian Gulf partners have moved more than 1.7 billion barrels of crude oil through the Strait of Hormuz under the auspices of the United States.
This statement comes as the International Energy Agency on Friday announced an improvement in oil exports from the Middle East and a return of the global oil market to excess supply in the last quarter of 2026.