Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil

Middle East oil producers advance pipeline projects to bypass the Strait of Hormuz. WTI Crude at $110 in July 2026 now at 4.4% YES.

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz.