Hormuz shutdown leads to historic oil supply disruption
after close1 source ↓written by the desknot a recommendation
- in oil supply
- 10 mb/d
- from Gulf producers
- 8 mb/d
- flow before conflict
- 20 mb/d
The ongoing conflict in the Middle East has triggered a historic oil supply shock, with tanker traffic through the Strait of Hormuz plummeting. The International Energy Agency reports a reduction of 10 mb/d in oil supply, including 8 mb/d from Gulf producers, as export routes remain largely inaccessible. This disruption may significantly impact global oil prices and trading strategies.
• 20 mb/d flow before conflict
• Minimal volumes currently
• Producers forced to cut output
Traders should monitor price movements closely as the situation evolves.
Not investment advice. For informational purposes only.