Goldman Sachs Estimate Underscores How Much Oil Flows Through Hormuz Each Day
An internal Goldman Sachs report cited by Bloomberg and U.S. officials estimates that 15–16 million barrels of oil and oil products pass through the Strait of Hormuz each day, accounting for about two‑thirds of the route’s oil traffic and highlighting how exposed global supply remains to any disruption.
A Goldman Sachs assessment has put a concrete figure on the volume of oil and fuel moving daily through the Strait of Hormuz, giving policymakers and markets a clearer sense of how much supply could be at risk if tensions there escalate.
Bloomberg reports that, according to an internal Goldman Sachs document, some 15–16 million barrels per day of oil and oil products transit the strait. The bank’s analysis suggests this represents about two‑thirds of the oil movement through the waterway.
Senior officials in the U.S. administration have cited the Goldman estimate when discussing flows through Hormuz and the potential impact that any disruption could have on global energy markets.
The figures sit alongside separate observations that reported attacks and incidents involving ships in Hormuz have recently fallen, even as large tanker volumes continue to pass through the narrow channel.
Key indicators to watch are whether this flow estimate begins to appear in official planning documents, how risk assessments for shipping in the area evolve, and whether Gulf producers step up efforts to develop alternative export routes that would reduce reliance on the strait.
Sources
- OSINT