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Oil is flowing back from the Persian Gulf through the Strait of Hormuz, one of the world’s most important energy corridors. Oil exports from the region have seen a significant increase in recent days, according to data from energy trade monitoring firm Kpler. The data was first reported by the Wall Street Journal.
According to the analysis, the oil currently passing through this sea route is mainly Iranian, and its main destination remains China.
The Strait of Hormuz is a key point for the global economy. Before the escalation of the conflict in the Persian Gulf, about a fifth of the world's supply of oil and liquefied natural gas passed through it.
In addition to energy, this sea route is also essential for the transport of other strategic goods. A significant portion of the global trade in chemical fertilizers, as well as significant quantities of aluminum and helium, widely used in the semiconductor industry – pass through this corridor.
Increase in Iranian oil exports
According to Kpler's estimates, Iranian oil exports have reached about 2.1 million barrels per day, a level slightly higher than before the start of hostilities.
This development shows that, despite military and economic pressure, Iran is managing to maintain a stable level of energy exports through this strategic route.
According to reports in the Wall Street Journal, China remains the main destination for Iranian oil. Beijing continues to be an important economic partner for Tehran, while cooperation between the two countries also includes technological and logistical support against a backdrop of regional tensions.
This cooperation enables Iran to continue energy exports even in a tense geopolitical situation.
Analysis published by the Wall Street Journal suggests that the attack ordered by former US President Donald Trump could be considered a strategic mistake.
According to this assessment, recent developments have shown that Iran may use control over traffic in the Strait of Hormuz as an instrument of economic and strategic pressure on the international system.
If the current situation continues even after a possible ceasefire, Iran could try to influence the balance of power in the Middle East by controlling traffic in this energy corridor.
However, a possible military intervention to guarantee the sustainable opening of the Strait of Hormuz remains a scenario with high risks for regional stability and for global energy markets.
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