{"id":151296,"date":"2026-03-16T18:00:48","date_gmt":"2026-03-16T16:00:48","guid":{"rendered":"https:\/\/ldaily.ua\/?post_type=news&p=151296"},"modified":"2026-03-15T18:44:01","modified_gmt":"2026-03-15T16:44:01","slug":"postachannya-nafty-cherez-ormuzku-protoku-obvalylosya-na-97","status":"publish","type":"news","link":"https:\/\/ldaily.ua\/en\/news\/novosti\/postachannya-nafty-cherez-ormuzku-protoku-obvalylosya-na-97\/","title":{"rendered":"Oil Shipments Through the Strait of Hormuz Collapse by 97%"},"content":{"rendered":"

Oil flows through the Strait of Hormuz<\/span><\/span> have collapsed amid the escalation of the conflict in the Middle East<\/span><\/span>, with supplies now far below normal levels. This is stated in a new report by Goldman Sachs<\/span><\/span>.<\/p>\n

The bank estimates that average daily flows through the Strait of Hormuz have dropped by 97% compared with normal levels. In recent days, shipments have stabilized at around 0.6 million barrels per day.<\/p>\n

These disruptions have dealt a significant blow to exports from the Persian Gulf<\/span><\/span>. According to Goldman Sachs, the total reduction in flows from the region amounts to about 16 million barrels per day, even accounting for partial rerouting through alternative ports.<\/p>\n

Shutdowns in production and refining are also intensifying the supply shock. According to the International Energy Agency<\/span><\/span>, as of March 10 losses in crude oil and condensate production amount to at least 10 million barrels per day.<\/p>\n

Governments are beginning to respond to the supply shock, although Goldman Sachs expects these measures will offset only part of the losses. Member countries of the International Energy Agency<\/span><\/span> have agreed to release 400 million barrels of oil from strategic reserves, implying a potential release rate of about 3.3 million barrels per day.<\/p>\n

Analysts suggest that participants may release 213 million barrels from the Strategic Petroleum Reserve<\/span><\/span> at an average rate of 2.4 million barrels per day over the next 90 days if flows through the Strait of Hormuz begin to recover from March 21.<\/p>\n

They estimate that the coordinated release of oil from global reserves and other policy measures could mitigate roughly half of the impact on global commercial inventories.<\/p>\n

Markets are increasingly pricing in the possibility of longer disruptions. Brent crude<\/span><\/span> has risen from just under $90 to more than $100 per barrel since the beginning of the week.<\/p>\n

Prediction markets also suggest the conflict may last longer: the probability of the war ending in March has dropped to around 19%, although the most likely scenario still assumes a settlement between early April and mid-May.<\/p>\n","protected":false},"featured_media":151297,"menu_order":0,"template":"","newscat":[9],"newstag":[],"issues":[],"class_list":["post-151296","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/151296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/151297"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=151296"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=151296"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=151296"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=151296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}