One-Fifth of All the World's Oil Passes Through the Strait of Hormuz Every Day
Hormuz

One-Fifth of All the World's Oil Passes Through the Strait of Hormuz Every Day

Roughly 17–21 million barrels of crude oil and petroleum products transit the Strait of Hormuz daily, representing about 20% of global oil consumption. No other maritime chokepoint on Earth comes close — making it the single most important oil corridor in the world, and a constant focus of geopolitical tension.

Source

https://www.eia.gov/international/analysis/special-topics/World_Oil_Transit_Chokepoints

Details

Published
April 8, 2026
views
12