16:19 - 18.06.2026

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June 18, Fineko/abc.az. American investment bank Goldman Sachs predicts that oil transportation through the Strait of Hormuz will be able to recover only to nearly 70% of the level recorded before the outbreak of the conflict. The main reason for this will be the reorientation of the Persian Gulf countries to alternative export routes.

ABC.AZ informs that according to bank's analysts, the recovery of supplies from current lows may be completed by the end of next month, and oil production in the region will approach previous levels by October. Before the outbreak of hostilities, about 20 million barrels of oil and petroleum products passed through the Strait every day.

Key economic theses:

Current transit figures: According to Goldman Sachs data, only approx. 1.3 million barrels of oil per day are currently transported through the Strait of Hormuz. Another 1.6 million b/d are exported through the Gulf of Oman.

The role of alternative hubs (including Ceyhan): Currently, around 7.5 million b/d are shipped through alternative corridors (Yanbu, Fujairah and Ceyhan). The Bank notes that although maritime transport capacity is not limiting recovery, many shipowners continue to be cautious about navigating through the Strait of Hormuz.