“‘...we’re back to 70 to 80% of pre-conflict flows… somewhere between 12 and 14 million barrels of oil are moving out of that region…’”

Monetary Matters with Jack Farley · The Most Extreme Shipping Market in History, Explained | J Mintzmyer on Why Oil Tanker Rates Are Up 25x and Why It Can’t Last (and Why Dry Bulk, not Tankers, is the Next Shipping Boom)

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What was described

estimated current oil flow through the Strait of Hormuz

12-14 million barrels per day (70-80% of pre-conflict 20 million bpd)

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