Navigating the 21% Global Oil Chokepoint: A Quantitative Assessment of the Strait of Hormuz Status
The recent clarification from Iranian military officials regarding the operational status of the Strait of Hormuz is a critical data point for global energy markets, as this 33-kilometer-wide waterway facilitates the transit of approximately 21 million barrels of oil per day (bpd). This volume represents roughly 21% of global petroleum liquids consumption, making the maintenance […]