Story perspectives

U.S., Iran clashes cut Hormuz oil flow to 14.6 M bpd

7/19/2026

Summary

Story summary

U.S. and Iran resumed attacks in the Strait of Hormuz, halting tanker traffic in July 2026.
Oil flows fell from 20 million to about 14.6 million barrels per day in Q1 2026, with Iran imposing a $2 million fee per ship and ordering a northern route.
Gulf pipelines—including Saudi Arabia’s 7 million-bpd East-West line and the 1.8 million-bpd Abu Dhabi line—can reroute only about 8.8 million barrels daily, far below normal volumes, after the June 17 cease-fire collapsed.

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Story summary

U.S. and Iran resumed attacks in the Strait of Hormuz, halting tanker traffic in July 2026.
Oil flows fell from 20 million to about 14.6 million barrels per day in Q1 2026, with Iran imposing a $2 million fee per ship and ordering a northern route.
Gulf pipelines—including Saudi Arabia’s 7 million-bpd East-West line and the 1.8 million-bpd Abu Dhabi line—can reroute only about 8.8 million barrels daily, far below normal volumes, after the June 17 cease-fire collapsed.