Damian Boeselager· Verts/ALE

Confirmed

Around 20% of the world's oil passes through the Strait of Hormuz.

Omissions

• The figure refers specifically to petroleum liquids rather than all oil products
• EIA data shows this was 20 million barrels per day in 2024
• Some sources cite slightly different figures (20-21%) depending on methodology

Sources

• PrimaryU.S. Energy Information Administration (EIA) - Today in EnergyIn 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption
• PrimaryInternational Energy Agency (IEA)An average of 20 million barrels per day (mb/d) of crude oil and oil products were shipped through the Strait of Hormuz
• SecondaryVisual CapitalistAbout 20% of global oil consumption and 20% of LNG trade passes through the Strait of Hormuz