Hormuz Disruption Risks Record 9 Million bpd Oil Loss By Month-End

The Strait of Hormuz traffic freeze is now translating into what analysts describe as the “largest daily oil production disruption on record,” with regional output at risk of falling by more than 4 million barrels per day by Friday and around 9 million bpd by the end of the month, equivalent to nearly 10% of […] The post Hormuz Disruption Risks Record 9 Million bpd Oil Loss By Month-End appeared first on the deep dive.