Oil exports from the Persian Gulf have fallen to approximately 15 million barrels per day, US Energy Secretary Chris Wright said, marking a significant contraction from the roughly 20 million barrels per day flowing before the conflict with Iran began.
The comments, made in New York, highlight the enduring impact of geopolitical tensions on global energy supply chains, even as markets have attempted to price in the disruption.
The 5 million barrel daily shortfall represents a 25% reduction in output from one of the world’s most critical oil-producing regions.
Wright’s assessment comes as traders digest the reality that regional throughput remains well below pre-conflict levels.
The 5 million barrel daily shortfall represents a 25% reduction in output from one of the world’s most critical oil-producing regions.
This sustained drop reinforces the supply-side risks that have kept Brent crude prices elevated and volatile in recent weeks.
The figures contrast with earlier signs of resilience in the region.