US Energy Secretary Chris Wright says Strait of Hormuz oil flows average nearly 13 million barrels a day
Question
US Energy Secretary Chris Wright says Strait of Hormuz oil flows average nearly 13 million barrels a day
Direct answer
The reported flow level indicates that some Gulf oil continues to move despite the disruption, tempering the immediate physical-supply shock relative to a full closure while leaving substantial route risk.
- Original publisher
- Market Ontology
- Evidence through
- 2026-09-27
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “US Energy Secretary Chris Wright says Strait of Hormuz oil flows average nearly 13 million barrels a day”, revision 1, evidence through 2026-09-27. https://marketontology.com/market-events/2026-09-27/us-energy-secretary-chris-wright-says-strait-of-hormuz-oil-flows-average-nearly-0a7fc7
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| BRENT CRUDE FUTURES | Evidence of continued multi-million-barrel daily flows reduces the immediate supply-loss premium associated with a complete Hormuz shutdown. | Downintraday | The US Energy Secretary reported average flows of almost 13 million barrels per day and a recent day above 20 million barrels. |
| VLCC FREIGHT RATES | Ongoing flows support tanker demand, but the report does not establish whether routing, delays or insurance costs improved. | Watch1-5d | The statement quantified continued oil movement through the strait without providing freight or transit-normalization data. |
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Sources
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