Hormuz Flows Near Standstill as Goldman Flags Oil-Supply Strain
TL;DR Summary
Goldman Sachs says oil flows through the Strait of Hormuz have collapsed, with about 0.5 million barrels per day moving through on a four‑day average and an estimated net export loss of ~17.2 million barrels per day. Brent sits near $105 and WTI around $100 as some shipments still pass, but a gradual recovery is expected over ~30 days starting around March 21, with the price path depending on whether Persian Gulf exports rebound to global markets.
- ‘Hormuz Flows Remain Low,’ Says Goldman — What It Means for Oil Markets TipRanks
- Middle East oil exports drop at least 60% as Hormuz stays mostly closed, data shows Reuters
- Gulf states lose $15bn in energy revenues since start of war Financial Times
- Iran Conflict Brief: A ‘Tacit Bargain’ Protecting Gulf Energy CGEP
- Two Months for Gulf Oil Output to Fully Return After War Ends, Analyst Says WSJ
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