3 weeks ago

Strait of Hormuz Shipping Flows Slump to One-Tenth Pre-War Levels

Strait of Hormuz Shipping Flows Slump to One-Tenth Pre-War Levels
Strait Of Hormuz Before Iran War: How Busy Was The World's Most Critical Oil Route? · timesnownews.com

There is a narrow strip of water called the Strait of Hormuz that many countries use to move oil on big ships.

Oil is a special liquid that helps cars run and keeps homes warm.

Right now, there is a war happening in that part of the world.

Because of the war, far fewer ships are traveling through the strait than before.

The boss of a big oil company says only about one out of every ten ships now crosses it compared with before the war.

That means a lot of oil is not reaching the countries that need it.

Already, billions of barrels of oil have been taken away from the world's supply.

Every week, millions more barrels of oil could be lost.

This matters because people all over the world depend on that oil to live their daily lives.

Key facts

Location
Strait of Hormuz
Oil route status
World's most critical oil route
Current shipping flow
Roughly one-tenth of pre-war levels
Crude removed from global supply
Approximately 2.6 billion barrels
Potential weekly losses
More than 100 million barrels if disruptions persist
Source of estimates
Amin Nasser, Saudi Aramco CEO
Context
Iran war

Quotes

Amin Nasser

Chief Executive Officer of Saudi Aramco

“He warned that approximately 2.6 billion barrels of crude oil have already been removed from global supplies during the conflict and estimated that more than 100 million barrels could continue to be lost every week if disruptions persist.”
timesnownews.com
“According to Saudi Aramco CEO Amin Nasser, current shipping flows through the Strait have fallen to roughly one‑tenth of pre‑war levels.”
timesnownews.com

Sources

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