Strait of Hormuz Oil Flows Collapse to Near Zero as Trump Rejects Iran Ceasefire Terms

Oil shipments through the Strait of Hormuz, a critical global energy chokepoint, have ground to a near halt, with flows plummeting from 19.5 million barrels per day to just 0.5 million, according to vessel tracking data highlighted by Goldman Sachs. This dramatic collapse comes amid heightened tensions between the U.S. and Iran, as President Donald […] The post Strait of Hormuz Oil Flows Collapse to Near Zero as Trump Rejects Iran Ceasefire Terms appeared first on the deep dive.