Since March 1, 2026 the Strait of Hormuz has been closed resulting in a 20% reduction in global oil production
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▾ assumptions
  • March 1st the Strait of Hormuz was closed due to the war with Iran.
  • Each day the strait remains closed the world is producing 20% less oil.
  • 20% of the world's oil production for one year is roughly 7.5 billion barrels.
Total Impact
0.000000%
Yearly Global Oil Production Reduced
0
Yearly Global Barrels of Oil Not Produced
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Adjust Assumptions
Default: 36.5 billion barrels (~100M barrels/day)
Default: 20% (share of oil through Strait of Hormuz)
Default: 2026-03-01