Amid regional conflict, the Strait of Hormuz remains critical oil . . . In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024 Although we have not seen maritime traffic through the Strait of Hormuz blocked following recent tensions in the region, the price of Brent crude oil (a global benchmark) increased from $69 per barrel (b) on June 12 to $74 b
The Strait of Hormuz: Oil’s Global Chokepoint In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024 These markets would likely be most affected by supply disruptions at Hormuz In 2024, the United States imported about 0 5 million b d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz
Strait of Hormuz: The World’s Most Important Oil Artery About a fifth of the world’s total oil consumption passes through the strait Between the start of 2022 and last month, roughly 17 8 million to 20 8 million barrels of crude, condensate and fuels flowed through the strait daily, according to data from Vortexa
The Strait of Hormuz: A Critical Chokepoint for Global Energy Security In 2022, oil flows through the Strait of Hormuz averaged 21 million barrels per day (b d), accounting for approximately 21% of global petroleum liquids consumption This volume represents nearly 30% of the world’s seaborne oil trade, underscoring the strait’s critical role in global energy supply chains
Amid regional conflict, the Strait of Hormuz remains critical oil . . . In 2024, the United States imported about 500,000 bpd of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 7% of total U S crude oil and condensate imports and 2% of U S petroleum liquids consumption
The Strait of Hormuz: the world’s most important oil . . . - AJOT. COM In 2022, the United States imported about 0 7 million b d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 11% of U S crude oil and condensate imports and 3% of U S petroleum liquids consumption
Energy Security as Risk: As Tensions Mount in the Strait of Hormuz The Strait of Hormuz—a narrow yet strategic waterway between Iran and Oman—is responsible for almost one-fifth of the global crude oil trade In 2022, the oil flow through the Strait averaged 21 million barrels per day Key OPEC players from the region, including Saudi Arabia, Iraq, the United Arab Emirates, Kuwait as well as Iran, are heavily reliant on this chokepoint for their crude exports