Hormuz Oil Flows Fell Nearly 30% Last Quarter, EIA Says

Flows of crude oil and fuels through the Strait of Hormuz fell by nearly 6 million barrels per day in Q1 2026, signaling a severe disruption to a critical global energy chokepoint. The shock has upended global supplies and driven prices sharply higher, implying broad inflationary and market spillover risks. This is a major geopolitical and energy-market event with likely worldwide impact.

Analysis

Flows of crude oil and fuels through the Strait of Hormuz fell by nearly 6 million barrels per day in Q1 2026, signaling a severe disruption to a critical global energy chokepoint. The shock has upended global supplies and driven prices sharply higher, implying broad inflationary and market spillover risks. This is a major geopolitical and energy-market event with likely worldwide impact.