Fact Check: Strait of Hormuz handles 20% of global petroleum liquids consumption.

Fact Check: "Strait of Hormuz handles 20% of global petroleum liquids consumption."

What We Know

The Strait of Hormuz is a crucial maritime chokepoint located between Oman and Iran, connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea. It is known to be one of the most significant oil transit routes globally. According to the U.S. Energy Information Administration (EIA), in 2024, oil flow through the Strait of Hormuz averaged 20 million barrels per day (b/d), which is equivalent to about 20% of global petroleum liquids consumption (EIA). This figure aligns with previous reports, which noted that in 2022, the strait handled approximately 21 million b/d, accounting for about 21% of global petroleum liquids consumption (EIA).

The importance of the Strait of Hormuz is underscored by the fact that it is a primary route for oil exports from major producers like Saudi Arabia and the United Arab Emirates (UAE). In 2024, it was reported that 84% of the crude oil and condensate that moved through the strait was destined for Asian markets, with China, India, Japan, and South Korea being the top recipients (EIA).

Analysis

The claim that the Strait of Hormuz handles 20% of global petroleum liquids consumption is supported by multiple credible sources, including the EIA, which is a reputable government agency providing energy statistics and analysis. The data from the EIA is based on extensive tracking of maritime oil flows and reflects the strategic importance of the strait in global energy security.

While some reports indicate slight variations in the percentage—such as the 21% noted for 2022 (EIA)—the consensus remains that the strait plays a vital role in global oil transportation. The fluctuations in the percentage can be attributed to changes in global oil consumption and production dynamics, particularly influenced by geopolitical events and OPEC+ production decisions.

Moreover, the reliability of the EIA as a source is high, given its status as a federal agency that utilizes rigorous methodologies to compile and analyze energy data. Other sources, such as reports from shipping organizations and energy analysts, corroborate the figures provided by the EIA, further establishing the claim's credibility (Gulf News, Habtoor Research).

Conclusion

The claim that the Strait of Hormuz handles 20% of global petroleum liquids consumption is True. This conclusion is supported by consistent data from reputable sources, including the EIA, which confirms that the strait is indeed a critical conduit for global oil supplies, averaging 20 million b/d in 2024.

Fact Check: Strait of Hormuz handles 20% of global petroleum liquids consumption.