Hormuz Strait Oil Flow Plunges to 4M Barrels Daily, Down 73% From Late June

According to oil market researcher Rory Johnston, oil transport through the Hormuz Strait dropped to approximately 4 million barrels per day based on a 10-day moving average on July 20. The flow represents a steep decline from roughly 15 million barrels daily in late June, marking the lowest level since late May.
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