BearlySane88 said:Cal88 said:BearlySane88 said:
Oil is flowing pretty nicely, all things consideredHormuz oil flow continue to climb, now with reports of daytime transits.
— Rory Johnston (@Rory_Johnston) September 15, 2026
The 7-day average of oil transit flow through Hormuz rose to nearly 12 MMbpd as of Sunday, easily the fastest pace since the post-MOU June-July breakout—and this time there's virtually no Iranian crude. pic.twitter.com/hV1vtlIrlJ
Hormuz traffic is roughly half of prewar level, and Saudi exports through their East- West pipeline have gone done to ZERO from 7M bpd. That's a regional deficit of around 15-17M bpd from prewar levels, more than enough for prices to shoot up much higher.
As I said, all things considered that's pretty solid.
Global demand is around 100M bpd. A reduction of 15% on top of very thin global reserves is a recipe for an economic disaster.
