Hormuz oil flows rising as Gulf giants’ ramp-up gathers pace

The Strait of Hormuz, a critical oil chokepoint, is witnessing a gradual rise in crude oil flows as producers in the Middle East intensify exports, despite Iran's persistent threat to maritime traffic. Estimates indicate that approximately 6 million to 8 million barrels of crude are currently passing through this vital passage daily, helping to keep global oil prices stable.

However, flows saw a decline in July following a series of attacks on supertankers by Iran, which derailed an interim ceasefire and heightened navigation risks. Although volumes remain at about half of the pre-war levels, estimates vary widely and can be quite volatile, with some trackers and U.S. officials hinting at higher figures, although the volatile security situation persists.

U.S. President Donald Trump reported on Thursday that 24 vessels crossed the Strait the night before, although he did not specify the types of vessels. Additionally, a U.K. naval group has continued to document attacks on ships in recent days.