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Global Oil Markets Lose One Billion Barrels Due To Strait Closure

developing BFM Radio Strait of Hormuz 14d13d Impact 8

The International Energy Agency reports that the war in Iran is depriving the world of 11 million barrels of oil per day in the Strait of Hormuz. Iranian parliament member Deligani noted the involvement of the US, Europe, and other nations. Iranian lawmaker Deligani stated that many countries, including NATO members and European nations, have rejected US requests to join the maritime blockade. He argued the blockade is intended to appease US domestic sentiment rather than being a globally effective action. Kepler research experts suggest Tehran may reduce daily oil production by 1.5 million barrels per day by mid-May due to export difficulties. Recent supply volumes have dropped to 500,000-600,000 barrels per day following a US naval blockade of Iranian ports. Energy expert Hosseini suggested Iran could manage oil extraction reductions based on domestic consumption and storage capacity.

The International Energy Agency reports that the war in Iran is depriving the world of 11 million barrels of oil per day in the Strait of Hormuz. Iranian parliament member Deligani noted the involvement of the US, Europe, and other nations. Iranian lawmaker Deligani stated that many countries, including NATO members and European nations, have rejected US requests to join the maritime blockade. He argued the blockade is intended to appease US domestic sentiment rather than being a globally effective action. Kepler research experts suggest Tehran may reduce daily oil production by 1.5 million barrels per day by mid-May due to export difficulties. Recent supply volumes have dropped to 500,000-600,000 barrels per day following a US naval blockade of Iranian ports. Energy expert Hosseini suggested Iran could manage oil extraction reductions based on domestic consumption and storage capacity. Iran is reportedly storing quantities of unsold oil in abandoned tanks and is seeking new storage routes. The Wall Street Journal reports the country is struggling with these surpluses while its ability to secure enough empty tankers for transport remains unconfirmed. Analysts expect a long recovery period following this loss. The crisis is expected to impact market volatility in the short to medium term. Other members besides Saudi Arabia may ramp up production to address capacity constraints.

Topics

oil energy Iran Strait of Hormuz

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Sources · 7 independent

BFM Radio

“Dans le détroit d'Ormuz, la guerre en Iran prive le monde de 11 millions de barils de pétrole par jour. C'est un chiffre donné par l'Agence internationale de l'énergie.”

Sky News Arabia Radio

“this will cause more tension inside Iran, depriving Iran of about 500 million dollars from its oil export revenues from these ports in the coming stage”

BFM Radio

“les cours du pétrole flambent à nouveau et dépasse les 110 dollars et puis le prix du kérosène qui a explosé”

Iran International

“US blockade to cost Iran $500 million in oil revenue... the Islamic Republic is facing pressure to meet Washington's conditions.”

BFM Radio

“américain des ports iraniens On fait du mal à l'économie de l'Iran.”

Iran International

“تنگه هرمز ایران تبستو ترتش امریکه یارت مطایده تلاش پانه که احرومه فشار خودش رم چنان بالان یه اهداره شامپ میگه مطمعین تهران بزودی تمام شروطه باشنگتون رو میبذیر”

Iran International

“پره بازی دارن در جلیان جنجان زنیها پره باز کردن تنگیه حورموز”

BFM Radio

“L'autre possibilité, c'est qu'ils mettent déjà en place, c'est de faire sortir de leur retraite quelques pétroliers pour venir récupérer quelques millions de barils sur cette île de cargues.”

Iran International

“تزیف ایخرستادی ناوید میگرانی خیلی جدی داره. اینکه ما با فوروکاشی نظام اداری رو برو بودی.”

Al Araby Radio

“One World maritime intelligence revealed the presence of eight supertankers and a number of smaller vessels in the waters near the port in the Gulf of Oman.”

CRI Huayu Global

“一方提出的条件包括在霍尔姆茲海峡实施新的法律制度 获得战争赔偿 确保对方不再实施军事行动 以及美国解除针对伊朗的海上封锁等内容”

Al Araby Radio Qatar

“One World maritime intelligence revealed the presence of eight supertankers and a number of smaller vessels in the waters near the port in the Gulf of Oman.”

CRI Huayu Global

“一方提出的条件包括在霍尔姆茲海峽实施新的法律制度 获得戰爭賠償 確保對方不再實施軍事行動 以及美國解除針對伊朗的海上封鎖等內容”

CRI Huayu Global

“He believes that the US maritime blockade against Iran is by no means a globally effective action, and the main purpose of this practice is to appease domestic sentiment in the United States.”

Business FM Russia

“His experts suggest that due to the impossibility of exporting, Tehran may reduce daily oil production by another 1.5 million barrels per day by mid-May.”

CRI Huayu Global

“He believes that the US maritime blockade against Iran is by no means an effective action, and the main purpose of this practice is to appease domestic sentiment in the United States.”

CRI Huayu Global

“伊朗可以根據國內消耗出口量和儲存能力 按比例減少開採量 以維持郵警的正常運轉”

Al Araby Radio

“Wall Street Journal reports that Iran is drowning in huge quantities of unsold oil, which has made them store it in abandoned tanks”

CRI Huayu Global

“伊朗能源問題專家侯塞尼指出 關閉郵警和停止開採的方式不是解決辦法 伊朗可以根據國內消耗出口量和儲存能力 按比例減少開採量 以維持郵警的正常運轉”

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