3 weeks ago
Strait of Hormuz Shipping Flows Slump to One-Tenth Pre-War Levels
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.
Saudi Aramco CEO Amin Nasser said current shipping flows through the Strait of Hormuz have fallen to roughly one-tenth of pre-war levels.
Approximately 2.6 billion barrels of crude oil have been removed from global supplies during the conflict.
Nasser estimated more than 100 million barrels could be lost every week if disruptions persist.
The Strait of Hormuz is described in the report as the world's most critical oil route.
The disruption is tied to a conflict referred to as the Iran war.
- Who
- Amin Nasser, Chief Executive of Saudi Aramco
- What
- Shipping flows through the Strait of Hormuz have dropped to about one-tenth of pre-war levels, removing billions of barrels from global crude supply
- Where
- Strait of Hormuz, described as the world's most critical oil route
- When
- During the conflict referred to as the Iran war (no specific dates given)
- Why
- Disruptions caused by the Iran war have cut oil shipments through the strait
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








