Global Oil and Gas: Hormuz tracker: day 94
Report Coverage
- Broker
- UBS
- Region
- Middle East (Persian Gulf, Saudi Arabia, UAE, Iran, Iraq, Qatar, Kuwait, Israel)
- Sector
- Transportation, Fossil Energy
- Report Type
- Industry Report
- Primary Focus
- Hormuz shipping disruption & infrastructure damage
Report Summary
Day 94 of the Strait of Hormuz disruption. Oil prices pulled back after Trump indicated discussions with Iran were progressing rapidly, though Iranian media said it was still reviewing the US proposal. Only 4 tanker crossings per day versus nearly 50/day pre-conflict. Extensive infrastructure damage documented across the Gulf region.
Key Takeaways
- Tanker crossings ~92% below pre-conflict February levels; strait effectively closed to normal commercial traffic
- Iranian crude exports collapsed from 1.7 Mb/d in March to under 0.3 Mb/d in May
- Bypass route volumes averaged 5.8 Mb/d, short of expected 6.5 Mb/d capacity
- Attacks hit Saudi Aramco refineries, Qatar LNG facilities (~17% of Qatar's export capacity), UAE Fujairah storage, Iraq's North Rumaila
- Diplomatic signals mixed: Trump claims rapid progress but fighting in Lebanon continues
- Bab-el-Mandeb Strait flows rose sharply, suggesting rerouting of global shipping
Why This Report Matters
Day 94 data shows the Hormuz crisis remains unresolved with massive infrastructure damage, keeping global energy supply under severe stress.
Topics Covered
Companies Mentioned
Who this summary is for
This summary is for users researching the UBS Global Oil and Gas report. It helps users review Global Oil and Gas: Hormuz tracker: day 94 coverage, key takeaways, and related broker or sector research paths across Strait of Hormuz, Iran conflict, oil tanker shipping; Saudi Aramco, ADNOC.
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