Oil flow through the Strait of Hormuz plunges to 4 million barrels per day, marking the lowest level since the end of May
BlockBeats news, on July 20, oil market analyst Rory Johnston stated that, based on the 10-day moving average, the oil flow through the Strait of Hormuz has dropped to around 4 million barrels per day.
This level marks a significant decrease compared to the approximately 15 million barrels per day transported at the end of June, reaching the lowest point since the end of May.
According to market participants, as the Strait of Hormuz is a vital global energy transport route, the continuous decline in oil flow is intensifying concerns over supply disruptions and may further increase risks in the global energy market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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