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US Energy Exports Smash Records as Hormuz Blockade Creates Global Supply Crisis

Summary by IBTimes
U.S. energy exports have surged to unprecedented levels in April 2026 as the ongoing closure of the Strait of Hormuz has rerouted global oil and liquefied natural gas flows, positioning American

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Since 28 February, US exports of crude oil and petroleum products have jumped by 17 per cent, reaching today close to 13 million barrels per day, according to figures from the Department of Energy, which is higher than any other country. US exports have been growing ever since 2022. Iran's blockade of the Strait of Ormuz is helping to accelerate this trend, by removing the equivalent of 20 million barrels per day from the market. Gulf refineries…

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IBTimes broke the news in United States on Saturday, April 25, 2026.
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