Barclays sees 13–14 million bpd oil supply loss from prolonged Hormuz disruption

Barclays estimates a prolonged closure of the Strait of Hormuz would cut supply by roughly 13–14 million barrels per day. The bank notes the disruption's scale is immense and the duration highly uncertain, implying significant upward pressure on oil prices, heightened market volatility, and broad risk-off implications for energy and trade-sensitive assets.

Analysis

Barclays estimates a prolonged closure of the Strait of Hormuz would cut supply by roughly 13–14 million barrels per day. The bank notes the disruption's scale is immense and the duration highly uncertain, implying significant upward pressure on oil prices, heightened market volatility, and broad risk-off implications for energy and trade-sensitive assets.