Global oil markets face 20% supply risk from Strait of Hormuz threat
after close1 source ↓written by the desknot a recommendation
- of oil daily
- 21 million barrels
- of global petroleum
- 20%
- if tensions continue
- ₹85-90
- of its crude
- 40%
- 21M bpd
Iran's threat to close the Strait of Hormuz could disrupt 21 million barrels of oil daily, impacting 20% of global petroleum consumption. This escalation raises concerns over energy security, potentially pushing Brent crude prices to a floor of ₹85-90 if tensions continue. India, relying on this route for 40% of its crude imports, may face significant supply challenges.
• 21M bpd: Oil volume at risk
• 20%: Global consumption share affected
• ₹85-90: Potential Brent crude price floor
Not investment advice. For informational purposes only.