According to the U.S. Energy Information Administration, approximately 20 million barrels of oil, valued at about $500 billion in annual global energy trade, transited through the Strait of Hormuz each day in 2024.

Authors

• Person: Not available Organization: Trends Research
  Conflict in the Middle East and the Impact on the Global Economy

Sources

• Conflict in the Middle East and the Impact on the Global Economy trendsresearch.org Trends Research via serper

Referenced by nodes (2)

• U.S. Energy Information Administration entity
• Strait of Hormuz location