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Persian Gulf Oil Exports and the Strait of Hormuz

Summary by IER
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. In 2024, oil flow through the Strait averaged 20 million barrels per day, or approximately 20% of global petroleum liquids consumption, and remained at that level through the first quarter of 2025. The strait is deep enough and wide enough to handle the world’s largest oil tankers. Saudi Arabia is the Strait’s biggest exporte…

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CHRONIC. Regularly, Iranians are threatening to block the Ormuz Strait, through which 20% of the world's oil flows, but Suez's lecon should dissuade them.

·Paris, France
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  • 100% of the sources lean Right
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Aydınlık broke the news in Türkiye on Sunday, June 29, 2025.
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