UBS 2026-06-03

Global Oil and Gas: Hormuz tracker: day 95

Market Report English 23 Pages

Report Coverage

Broker
UBS
Region
Middle East (Strait of Hormuz, Iran, Saudi Arabia, UAE, Kuwait, Bahrain)
Sector
Transportation, Fossil Energy
Report Type
Market Report
Primary Focus
Hormuz shipping disruption tracker

Report Summary

UBS Evidence Lab daily tracker monitoring shipping traffic through Strait of Hormuz on day 95 of disruption. Only 3 oil/gas tankers crossed vs pre-crisis ~50/day. Iranian crude loadings collapsed to <0.3Mb/d. Bypass pipeline volumes remain well below expected capacity.

Key Takeaways

  • Only 3 tankers crossed Hormuz vs ~50/day February average
  • Export volumes at 2.1MboE/d
  • Iranian crude loadings <0.3Mb/d (vs 1.7Mb/d in March)
  • Bypass volumes (Yanbu + Fujairah) averaged 5.3Mb/d vs expected 6.5Mb/d
  • Kuwait airport and US bases targeted by Iranian drones
  • Conflicting headlines on US-Iran negotiations

Why This Report Matters

The Strait of Hormuz disruption severely constrains global oil supply flows, and the sharp decline in tanker transits and Iranian crude loadings signals prolonged geopolitical risk with major implications for energy markets.

Topics Covered

Strait of Hormuz Maritime shipping Crude oil supply disruption Iran-US tensions Bypass pipelines

Companies Mentioned

Saudi Aramco ADNOC

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 95 coverage, key takeaways, and related broker or sector research paths across Strait of Hormuz, Maritime shipping, Crude oil supply disruption; Saudi Aramco, ADNOC.

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