EIA data shows Hormuz crude and liquids shipments fell to 4.9 million barrels daily amid ongoing Iran-US tensions.
Oil shipments through the Strait of Hormuz collapsed to 4.9 million barrels per day in the second quarter, down from 21.6 million in late 2025, according to EIA estimates. The decline follows the strait’s effective closure since February amid escalating conflict between Iran, the U.S., and Israel.
The 77% drop in flows highlights the chokepoint’s critical role in global oil logistics, with Hormuz previously accounting for roughly one-fifth of global supply. Analysts had expected partial recovery by mid-2024, but persistent geopolitical tensions have kept volumes suppressed.
Markets have adjusted with higher freight rates and rerouted cargoes, though supply risks remain elevated as long as the strait remains restricted.