Strait of Hormuz Oil Flow Plunges to 4 Million Barrels Per Day, Lowest Since Late May

BlockBeats News, July 20th, Oil market researcher Rory Johnston stated that, based on a 10-day moving average calculation, the oil flow through the Strait of Hormuz has decreased to approximately 4 million barrels per day.

This level marks a significant drop from the end of June when the daily transport volume was around 15 million barrels, hitting the lowest level since the end of May.

Market observers believe that the continued decline in oil flow through the Strait of Hormuz, as a critical global energy transit route, is exacerbating market concerns about supply disruptions and may further elevate risk in the global energy market.

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Strait of Hormuz Oil Flow Plunges to 4 Million Barrels Per Day, Lowest Since Late May

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