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Bar chart comparing normal daily oil transit volumes through the Strait of Hormuz and the Bab el-Mandeb corridor.

The Strait of Hormuz normally carries about 20.9 million barrels a day, more than double the roughly 8.6 million moving through the Bab el-Mandeb corridor that Houthi forces targeted over the weekend, helping explain why markets treat the US-Iran pause as the dominant signal. Hormuz's actual flow had fallen to about 14.6 million barrels a day in early 2026, down almost 30% from a year earlier, per new EIA tracking. Every prior pause in this war has broken, including an April ceasefire and a June agreement that unravelled by mid-July.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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