Trump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline

Benzinga14:35

President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open. Data reveals that a severe global refining shortage has...

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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Hails Military as 'Oil Is Flowing Like Never Before'—Data Shows 10% of Global Refining Capacity Is Offline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-15 14:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/commodities/26/07/60460622/trump-hails-military-as-oil-is-flowing-like-never-before-data-shows-10-of-global-refining-capacity-is-offline><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open.\nData reveals that a severe global refining shortage has...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/07/60460622/trump-hails-military-as-oil-is-flowing-like-never-before-data-shows-10-of-global-refining-capacity-is-offline\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USO","symbol_name":"美国原油ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/26/07/60460622/trump-hails-military-as-oil-is-flowing-like-never-before-data-shows-10-of-global-refining-capacity-is-offline","article_id":"2651962456","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=3840,format=auto,quality=85/files/images/story/2026/07/15/Washington-dc--United-States--April-14-2.jpg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/commodities/26/07/60460622/trump-hails-military-as-oil-is-flowing-like-never-before-data-shows-10-of-global-refining-capacity-is-offline","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2651962456","pubTimestamp":1784097300,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Trump claims oil is 'flowing' amid an Iran blockade, but Kobeissi data reveals 10% of global refining capacity is offline.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"USO":"美国原油ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念","UCO":"二倍做多彭博原油ETF","SCO":"二倍做空彭博原油指数ETF","BK4570":"地缘局势概念股"},"translate_title":"特朗普称赞军方“石油流动前所未有”——数据显示全球10%的炼油产能处于离线状态","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UCO":0.6,"USO":0.76,"SCO":0.6},"content_text":"President Donald Trump declared that “Oil is flowing like never before” due to United States military efforts keeping the Strait of Hormuz open.\nData reveals that a severe global refining shortage has left approximately 10% of global refining capacity offline.\nTrump took to Truth Social on Tuesday to praise military leadership, including Secretary of War Pete Hegseth and Chairman of the Joint Chiefs of Staff Dan Caine, for securing maritime routes.\nAdditionally, Trump stated he is replacing a 20% United States Reimbursement Fee with major “Trade and Investment Deals” from Gulf States.\nThese investments, which he claims will be “MASSIVE,” are expected to bring factories and equipment to the U.S., creating “millions of High Paying AMERICAN Jobs.” Furthermore, Trump boldly declared that “IRAN WILL NEVER HAVE A NUCLEAR WEAPON!”\nThese margins have nearly tripled since the beginning of 2026. A severe shortage of global refining capacity drives this surge in profitability.\nFactors such as the Iran War, attacks on Russian refineries, and reduced fuel exports have severely tightened the global supply chain.\nConsequently, an estimated 8 million barrels per day—roughly 10% of global refining capacity—is currently offline. This supply shortage has kept prices for gasoline, diesel, and jet fuel elevated, even as crude oil trades approximately $40 per barrel below its March peak.\nCrude Oil WTI futures were trading higher by 0.47% to hover around $79.71 per barrel at the last check. Meanwhile, the ETF tracking it, the United States Oil Fund LP (NYSE:USO), was down 0.03% in overnight trading.\nSimilarly, Brent Oil Futures were trading higher by 0.70% to hover around $85.32 per barrel, and the ETF tracking it, the United States Oil Fund LP (NYSE:USO), was 0.36% higher in overnight trading.\nHere are some major U.S.-listed oil refiners that are likely to be affected by the tightening global refining capacity and historic processing margins, along with their recent stock performance as of mid-July 2026.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto Courtesy: Joey Sussman on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651962456","isCrawlerRequest":true}