Flotilla
Trusted Member
For sure.5 million barrels a day pass through the Omani corridor.
4+ million barrels/day through Yanbu/Suez.
1.8 million from Fujairah.
5 million barrel/day reduction in purchases by Chin. China can sustain that almost indefinitely with their massive reserves.
Iran is apparently selling some oil from tankers parked near China.
All the above add up to 17-18 million barrels a day.
20-21 million barrels a day passed through the Strait of Hormuz before the war.
That is only about a 3 million barrel reduction in supply. The world and US strategic reserves can carry this forward for a very long time.
Logically some of that 3 million would have gone to strategic reserves in the past and would not affect economic productivity anyway. Oil prices don't seem manipulated once you consider these.
Iran is burning the candle at both ends by failing to enforce an actual oil blockade and wasting time with non-entity Oman, while under a total naval blockade and getting bombed every other day.
And the price it is the same.
Nobody pays the insurances costs. The E3 flights and the coverage of probably half of dozen fighters and helicopters.
All this doesn´t have any impact in the oil price.
Of course.






