Facts on the Ground in Hormuz – 85% Oilflow – Iran Tested on Backing Up Threats (opens in new tab)

Covers New Strait of Hormuz Closure Announcement Threatens the Slow Uptick in Traffic

Based upon oil flows Hormuz were 15-20% open at 3 to 4 mbpd last month (May) but yesterday 17 mbpd. This means Hormuz was 85% open. 17 mbpd is 85% of 20 mbpd. It was 20% open with complete opposition from Iran. And now it is 85% open. The ships know they are getting through. ... Read more

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