The Strait of Hormuz and the Goods That Flow Through It
Published by Open The Magazine
A source is testimony, not proof. Citing one is a provenance fact — it records who said what, where — and never a verification that the claim is true.
Who is named
The characters and things this document talks about — 18 in alls. Each links to everything else the record knows about them.
People 1
Organisations 10
Bangladesh Iraq Iranian forces UAE IRGC Saudi Arabia Allianz Research China IEA Pakistan
Places 5
Things 2
Claims made
Every claim in this document. Firsthand = asserted on its own basis; secondhand = recounted from elsewhere, carrying no independent weight.
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Iranian forces shut the Strait of Hormuz to all shipping
Iranian forces shut the strait to all shipping
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Brent crude briefly touched 119 dollars a barrel
Brent crude briefly touched 119 dollars a barrel
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The IRGC warned of 200-dollar oil
the IRGC warned of 200-dollar oil
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The Strait of Hormuz is the sole maritime exit from the Persian Gulf to the open ocean
The strait is the sole maritime exit from the Persian Gulf to the open ocean
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Seven of the world's largest energy producers, including Saudi Arabia, Iraq, Qatar, and the UAE, depend on it as their only export route
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According to the US Energy Information Administration, roughly 20 million barrels of oil per day transited the Strait of Hormuz in 2025, about 20% of global seaborne oil trade
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Average crude transit through the Strait of Hormuz was over 14 million barrels per day in 2025
Kpler tanker tracking data puts average crude transit at over 14 million barrels per day through the strait in 2025
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Saudi Arabia leads, followed by Iraq and the UAE. Together, these three account for nearly three‑quarters of all crude flows through this global oil chokepoint
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LNG exports through the Strait of Hormuz represent nearly 20% of all global LNG trade
LNG exports through Hormuz represent nearly 20% of all global LNG trade, the IEA notes
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About 93% of Qatar's and 96% of the UAE's LNG exports transit the Strait of Hormuz
About 93% of Qatar's and 96% of the UAE's LNG exports transit the strait
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A sustained closure would pull over 300 million cubic metres per day off the global market
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The Gulf region accounts for 16 to 18% of global seaborne fertiliser exports, and Saudi Arabia alone ships close to 14 million tonnes annually from its eastern ports
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Qatar supplies roughly 33‑38% of the world's helium, almost all produced at Ras Laffan and exported by sea through the strait
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Global helium supply has been cut by a third overnight, sending spot prices up 35 to 50%
With Ras Laffan now offline, global helium supply has been cut by a third overnight, sending spot prices up 35 to 50%
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Helium is irreplaceable in semiconductor fabrication, MRI scanners, and fibre‑optic manufacturing
Helium is irreplaceable in semiconductor fabrication, MRI scanners, and fibre‑optic manufacturing, where it is used for cooling, leak detection, and precision processing
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With a third of global helium effectively removed from the market overnight, the disruption risks cascading into a broader technology and healthcare supply crisis
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About 84% of crude shipments through the Strait of Hormuz in 2024 were headed to Asian markets
About 84% of crude shipments through this global oil chokepoint in 2024 were headed to Asian markets, IEA data shows
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China, India, Japan and South Korea absorb the vast majority of Hormuz crude flows
China, India, Japan, and South Korea absorb the vast majority of Hormuz crude flows
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Bangladesh, India, and Pakistan collectively imported nearly two‑thirds of their LNG through the strait
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Japan has already begun drawing on emergency stockpiles
Japan has already begun drawing on emergency stockpiles
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Brent crude surged past 100 dollars a barrel on March 8, briefly hitting 119.50 dollars, the first time since Russia invaded Ukraine, CNBC reported
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The IEA authorised a release of 400 million barrels from emergency reserves, the largest in its history
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Allianz Research has warned, a prolonged Hormuz shipping disruption could push Brent above 130 dollars
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The IRGC has threatened 200-dollar oil if shipping attempts continue
The IRGC has threatened 200-dollar oil if shipping attempts continue
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Neil Atkinson said the world is witnessing something energy markets had never seen before
As former IEA oil head Neil Atkinson told CNBC, what the world is witnessing is something energy markets had never seen before
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Neil Atkinson said every day the strait stays shut, that assessment gets harder to argue with
Every day the strait stays shut, that assessment gets harder to argue with
No claims match this filter.
Where it collides
2 claims in this document contradict another account. Collision is shown as structure — it never edits a belief, it makes the disagreement legible.
- Average crude transit through the Strait of Hormuz was over 14 million barrels per day in 2025
collides with Crude oil exports through the Strait of Hormuz will remain low through the end of the year, and pre‑war levels won't return until the second quarter of 2027. · Iran War Updates: Oil tops $100 per barrel as U.S. fighter jets damaged in Iranian strikes on Jordan
- Iranian forces shut the Strait of Hormuz to all shipping
collides with Trump repeatedly claimed that the Strait of Hormuz was open and under U.S. control. · Hegseth Covered Up the Real Reason the USS Lincoln Wasn’t Resupplied
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