One-Fifth of Global Oil Flows Through the Strait Now in Play

The Strait of Hormuz carries roughly 20–21 million barrels daily—one-fifth of global oil consumption. Following a downed U.S. Apache helicopter and tit-for-tat military strikes between the U.S. and Iran as of June 10, 2026, energy markets now price the risk of Iranian interdiction. Direct hits on military bases differ categorically from blocking commercial shipping; the latter would fracture supply chains for Asian refiners with no alternative routing at scale, compounding oil prices non-linearly.