UBS 2026-06-04

Global Oil and Gas Hormuz tracker: day 96

Market Report English 23 Pages

Report Coverage

Broker
UBS
Region
Middle East (Saudi Arabia, UAE, Iran, Iraq, Qatar, Kuwait)
Sector
Transportation, Fossil Energy
Report Type
Market Report
Primary Focus
Hormuz disruption & infrastructure strikes

Report Summary

Daily tracker on day 96 of Hormuz disruption. Oil prices pulled back amid limited newsflow. Only 5 tankers crossed vs ~50/day pre-conflict. Bypass routes via Yanbu and Fujairah compensating with volumes spiking to ~11Mb/d. Extensive energy infrastructure strikes documented.

Key Takeaways

  • Only 5 tankers transited vs ~50/day February average
  • Bypass export volumes surging: Yanbu ~4.5Mb/d, combined 6.4Mb/d weekly average approaching 6.5Mb/d capacity
  • Iranian crude loadings near zero in June
  • QatarEnergy LNG facilities hit (17% of Qatar's capacity, ~$20bn annual revenue loss)
  • Attacks on Saudi Aramco refineries, Shell Pearl GTL, BP North Rumaila

Why This Report Matters

Escalating infrastructure strikes on major energy assets including QatarEnergy LNG and Saudi Aramco refineries represent a dangerous expansion of the conflict, with long-term supply implications far beyond the Strait of Hormuz itself.

Topics Covered

Strait of Hormuz Energy infrastructure strikes Crude loadings Bypass pipelines LNG exports

Companies Mentioned

Saudi Aramco QatarEnergy Shell BP

Who this summary is for

This summary is for users researching the UBS Global Oil and Gas Hormuz tracker report. It helps users review Global Oil and Gas Hormuz tracker: day 96 coverage, key takeaways, and related broker or sector research paths across Strait of Hormuz, Energy infrastructure strikes, Crude loadings; Saudi Aramco, QatarEnergy.

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