Crude oil and fuel flows through the Strait of Hormuz decreased by nearly 6 million barrels per day in the first quarter, a massive energy shock that has upended the global supply system and driven prices sharply higher.
According to data released by the U.S. Energy Information Administration (EIA) on Wednesday, the average daily flow of crude oil and petroleum liquids through the Strait of Hormuz was approximately 14.6 million barrels in the first three months of the year. This figure is significantly lower than the 20.4 million barrels per day recorded in the same period last year and also below the 20.7 million barrels per day seen in the fourth quarter of 2025.
Shipping activity through the Strait of Hormuz has been largely paralyzed following the outbreak of the Iran war, obstructing roughly one-quarter of the world's seaborne oil shipments. The global benchmark Brent crude has surged more than 45% since the conflict began. In the United States, the national average retail price for gasoline has surpassed $4.50 per gallon, hovering near highs not seen since 2022.
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