Iran's Oil Flows Through Hormuz Amid Conflict
Oil transit through the Strait of Hormuz, a critical global trade route supplying roughly 20% of the world’s crude, has seen fluctuating activity since the start of recent conflict. Initial reports indicated most shipping traffic was halted in early March. However, recent data shows a significant increase in transits. Approximately 90 ships, including oil tankers, have crossed the Strait since the war began, with numbers nearly doubling in recent days. Despite continued attacks targeting the waterway, Iran has maintained its own crude oil flow at rates similar to pre-war levels, leveraging its control of the Strait. Dozens of ships continue to navigate the area.
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