Oil Flow Through the Strait of Hormuz Reaches 12 Million Barrels a Day Despite Increasing Attacks

Serdar HocamAuthor & Editor

Despite intense attacks and threats originating from Iran, daily oil shipments through the Strait of Hormuz have reached high levels, though recent violent incidents have caused severe fluctuations.

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Oil flow through Strait of Hormuz hits 12M barrels a day — defying increasing attacks from Iran

According to analyst reports, daily oil flow through the Strait of Hormuz exceeded 12 million barrels this month despite an escalating wave of attacks from Iran. Shipments carried out by tankers under US military protection mark the most dangerous period since the beginning of the war.

Shipment Figures and Military Protection

According to data from maritime analytics firms TankerTracker.com and Kpler, oil flow through the strait has increased since September. More than 9 million barrels of oil per day were transported directly under US military protection.

Captain Tim Hawkins, a spokesperson for US Central Command, estimated that approximately 19 million barrels of oil passed through the strait on Monday alone.

Mounting Dangers and Risks

With 26 vessels attacked in October, this has become the most dangerous period for tankers and cargo ships since the war began.

According to Iranian military and maritime incident analysts, mariners who consciously took risks have repeatedly stated that they earned tens of thousands of dollars more this month.

Recent Fluctuations

Trade activities have begun to show signs of strain due to the tensions, and sudden drops in flow were observed following intense attacks.

According to Kpler data, while approximately 23 million barrels of oil slipped through the strait last Thursday, only a tenth of that figure managed to pass on Wednesday.

Impact on Global Oil Prices

Kpler's average over the last six days revealed that less than 4.6 million barrels of oil per day passed through the strait.

This volatile situation and the attacks on Saudi energy infrastructure have caused the international Brent benchmark to remain above $104 per barrel.