US Energy Secretary Chris Wright said on September 10 that oil and petroleum products flowing through the Strait of Hormuz by ship had averaged just under 11 million barrels per day over the prior seven days. Before the US-Iran conflict that began in late February 2026, the strait was moving roughly 20 million barrels per day, representing about one-fifth of global oil demand. Bypass pipelines are moving an additional 3 to 5 million bpd, bringing total throughput to between 14 and 16 million bpd. Oil crossed the $100 per barrel threshold in September 2026, and Asian importing economies such as Japan, South Korea, India, and China are the most exposed to this disruption.
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