Oil shipments through the Strait of Hormuz are averaging just under 11 million barrels per day, according to U.S. Energy Secretary Chris Wright, as the U.S.-Iran conflict continues to constrain a vital energy chokepoint. The figure is roughly 55% of the pre-conflict rate of about 20 million barrels per day, when the strait carried around one-fifth of global oil demand. Bypass pipelines operated by Saudi Arabia and the UAE are adding 3 million to 5 million barrels per day, putting combined regional throughput at an estimated 14 million to 16 million barrels per day. That is above independent maritime tracker estimates of 6 million to 8 million barrels per day, a difference that may reflect U.S. Navy escorts allowing more commercial vessels to transit. Oil prices exceeded $100 per barrel in September 2026, while Asian economies including Japan, South Korea, India and China remain particularly exposed to any sustained shortfall.