Oil Shipments Through Strait of Hormuz Rise to 10 Million Barrels Per Day

Daily oil shipments through the Strait of Hormuz have exceeded 10 million barrels, according to a US administration official cited by Bloomberg. The figure marks a significant recovery from the disruptions caused by the US-Israeli military operation against Iran, though it remains below pre-conflict levels.

Coverage Comparison

Two reports from TASS, both citing Bloomberg, provide the latest figures. One report, dated July 1, states that daily shipments through the strait have surpassed 10 million barrels, with an additional 5 million barrels per day transported via alternative routes. The same report notes that approximately 20 million barrels passed through the waterway each day before the US-Israeli military operation began.

The second report, dated July 2, focuses on a specific shipment: four supertankers carrying oil from Saudi Arabia crossed the strait on Thursday, transporting 8 million barrels from the port of Ras Tanura. This is described as the largest shipment since the start of the war in February, indicating an increase in Saudi exports following a US-Iran agreement to resume maritime transit.

Key Claims

  • Daily oil shipments through the Strait of Hormuz have exceeded 10 million barrels, as reported by Bloomberg, citing an unnamed US administration official.
  • An additional 5 million barrels per day are being transported via alternative routes, according to the same source.
  • Before the US-Israeli military operation against Iran, about 20 million barrels of oil passed through the waterway each day, Bloomberg noted.
  • Four supertankers carrying oil from Saudi Arabia crossed the Strait of Hormuz on July 1, transporting 8 million barrels from Ras Tanura, as reported by Bloomberg, citing marine traffic services.
  • This shipment is the largest since the start of the US and Israel's war against Iran in February, and reflects an increase in Saudi Arabia's oil exports after the US and Iran agreed in June to resume maritime transit.
  • The Strait of Hormuz had been reopened to commercial vessels and international shipping, as confirmed by Iran's permanent representative to the UN Office at Geneva, Ali Bahreini.

Perspectives

US Administration Official (via Bloomberg)

The unnamed official highlighted the recovery of oil shipments through the strait, with over 10 million barrels per day now passing through, alongside 5 million via alternative routes.

Iranian Government Representative

Ali Bahreini, Iran's permanent representative to the UN Office at Geneva, confirmed the reopening of the strait to commercial vessels and international shipping, underscoring Iran's role in restoring maritime transit.

Saudi Arabia (via Bahri supertankers)

The increased Saudi exports, as evidenced by the large supertanker shipment, reflect Riyadh's response to the resumed maritime transit agreement.