Iran Oil Flows to China Through Hormuz Amidst Conflict, Creating Global Ripples
Despite threats to close the Strait of Hormuz amidst the U.S.-Israeli conflict with Iran, significant crude oil shipments continue to flow, primarily towards China. Monitoring firm TankerTrackers estimates at least 11.7 million barrels have passed through the strait, with Kpler estimating around 12 million barrels, although confirming final destinations has become challenging as vessels go “dark.” While traffic in the critical waterway has slowed and tanker attacks have occurred, Iran has also resumed loading at the Jask oil terminal, potentially offering an alternative route, though its logistical advantage is debated. Even with these shipments, Iran’s overall exports are lower than pre-war levels, a contrast to China’s accelerated efforts to build oil stockpiles in anticipation of supply disruptions.
John Q. Hosedrinker