The Strait of Hormuz oil flow has crashed to 4 million barrels per day, the lowest level since late May

On July 20, oil market researcher Rory Johnston said that using a 10-day moving average, the oil flow shipped through the Strait of Hormuz has fallen to about 4 million barrels per day. This is a sharp drop from the shipping volume of about 15 million barrels per day at the end of June, reaching the lowest level since late May. Market participants believe that as the Strait of Hormuz serves as a major global energy transportation corridor, the continued decline in oil flow is intensifying concerns in the market about possible supply disruptions and may further raise risks in the global energy market. #GUSD年化升至3.8%