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The International Energy Agency is not discussing a second release of strategic oil reserves at this time, IEA chief Fatih Birol told Reuters on Monday.
Firms that count ships, oil output and imports aren't able to verify U.S. claims about the volume of oil getting through Iran's chokehold.
Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by their finance ministers showed on Monday.
Andy Lipow from Lipow Oil Associates says despite efforts to diversify away from reliance on the Strait of Hormuz, oil reserves nearing the minimum level is the biggest concern for markets, as Washington considers sanctions on Iran and oil export restrictions.
Fewer than 20 commodity vessels transited the Strait of Hormuz at the weekend, shipping data showed on Monday, as Iranian and U.S. blockades restrict traffic through the chokepoint for energy shipments.
Oil fell in early Asian trade on possible position adjustments. The U.S. is expected to announce new economic sanctions against Iran on Monday.
Brent crude futures fell to $93.45.
Crude oil buyers hold control as limited Hormuz supply and strong refining margins keep sellers on the defensive.
SEC filings for USO aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.