Iran News

60% Drop in Oil Flows Through the Strait of Hormuz; Flows Fall to 3.8 Million Barrels per Day

According to the Sedaye Sama news outlet, crude oil flows through the Strait of Hormuz have declined significantly over the past two days, falling to around 3.8 million barrels per day. This is substantially below the current seven-day average of approximately 9.3 million barrels per day.

Based on estimates of oil flows through the Strait of Hormuz, crude oil transit has fallen by around 5.5 million barrels per day compared with the seven-day average, representing a decline of approximately 60%.

The Strait of Hormuz is one of the world’s most important oil transit routes, carrying a significant share of crude oil exports from regional countries. Therefore, major changes in oil flows through the waterway could have a significant impact on global energy markets.

Data show that crude oil flows through the Strait have fluctuated considerably in recent months, at times exceeding 10 million barrels per day. However, sharp declines have also been recorded at various points.

The current gap of around 5.5 million barrels per day between recent flows and the seven-day average is particularly significant, as a sustained decline could affect global oil supplies.

However, since the 3.8 million barrels per day figure is based on an estimate for only the past two days, it remains to be seen whether the decline is temporary or will continue in the coming days.

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