Goldman Sachs: Hormuz Strait Oil Flow May Only Recover to 70% of Pre-War Levels

According to Goldman Sachs' June 17 report, oil flow through the Hormuz Strait may only recover to about 70% of pre-war levels, as regional producers increasingly rely on alternative routes. The analysis shows that for Gulf crude exports to return to pre-war levels, daily flow through the strait would need to increase by 13 million barrels from current volumes.

Shipment increases are expected to complete by end of July, with Gulf oil production anticipated to fully recover by October. According to the International Energy Agency, approximately 20 million barrels of oil and related products flowed through the strait daily before the conflict.