Various oil-producing countries in the Middle East are increasing their exports, and the flow of crude oil through the Strait of Hormuz is gradually picking up. This increase is suppressing the rise in global crude oil prices. According to estimates by oil traders involved in and monitoring cargo activities, about 6 million to 8 million barrels of crude oil currently pass through this key global oil transportation route every day. In July, as Iran launched a series of attacks on supertankers, the temporary cease-fire broke down, navigation risks increased, and crude oil flow declined for a while. The current traffic volume is still about half of pre-war levels. However, estimates from various parties are likely to vary greatly and fluctuate greatly. Vortexa estimates that the average crude oil transportation volume in the Strait of Hormuz has reached 10 million b/d, and US officials have also given higher estimates. The British Navy said that two cargo ships were attacked on Monday, which once again reminds people that ships still face significant risks when passing through the strait. One of the factors driving the continued recovery in traffic volume is that the supertanker market has reached the highest level in history, which has further boosted shipowners' motivation to venture through the strait.

Various oil-producing countries in the Middle East are increasing their exports, and the flow of crude oil through the Strait of Hormuz is gradually picking up. This increase is suppressing the rise in global crude oil prices. According to estimates by oil traders involved in and monitoring cargo activities, about 6 million to 8 million barrels of crude oil currently pass through this key global oil transportation route every day. In July, as Iran launched a series of attacks on supertankers, the temporary cease-fire broke down, navigation risks increased, and crude oil flow declined for a while. The current traffic volume is still about half of pre-war levels. However, estimates from various parties are likely to vary greatly and fluctuate greatly. Vortexa estimates that the average crude oil transportation volume in the Strait of Hormuz has reached 10 million b/d, and US officials have also given higher estimates. The British Navy said that two cargo ships were attacked on Monday, which once again reminds people that ships still face significant risks when passing through the strait. One of the factors driving the continued recovery in traffic volume is that the supertanker market has reached the highest level in history, which has further boosted shipowners' motivation to venture through the strait.