The Strait of Hormuz handles approximately 20% of global crude oil trade, with export capacities varying significantly among Gulf countries: Saudi Arabia leads at 10-11 million barrels per day, followed by Iraq (4-5 million), Iran and UAE (3-4 million each), Kuwait (2.5-3 million), Qatar (under 1.5 million), Oman (under 1 million), and Bahrain (0.18 million barrels per day).
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Oil Exports Through the Strait of Hormuz Explained in 59 secondsHinzugefügt:
So, we do know that 20% of the global crude oil passes [music] through the strait.
So, let's review how much each country is exporting.
Oil is usually measured in million barrels per day. So, let's look at the capacity of export for each country.
Saudi Arabia was exporting about 10 to 11 million barrels per day of crude oil.
Iran 3 to 4 [music] million barrels of crude oil per day.
UAE was exporting again 3 to 4 million barrels of crude oil per day.
Iraq 4 to 5 million barrels of crude oil per day.
Kuwait 2.5 to 3 million >> [music] >> barrels of crude oil per day. Qatar was exporting under 1.5 million barrels of crude oil per day. However, Qatar is a gas giant.
Oman under 1 million crude oil barrels per day.
Bahrain uh 0.18 million crude oil barrels per day of export.
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