Prewar ballpark 18 MMbpd of non-Iranian oil transited the Strait.
According to these figures, that flow stood at 1.2 MMbpd in May, a ~93% reduction.
Same data for the first 10 days of June SURGED 50%, to 1.8 MMbpd—still a 90% reduction vs prewar non-Iranian transit levels.
Oh, and now Iranian exports, which were holding strong (1.5-1.8 MMbpd) and the primary flow through Hormuz for the first 1-2 months of the war, are throttled to near zero.
Oil flows through the Strait of Hormuz have surged by about 50% this month, according to Vortexa Ltd., underscoring what’s at stake as the US and Iran vie for control of the critical waterway.
bloomberg.com/news/articles/…