Oil flow through the Strait of Hormuz drops to 4 million BBL/day, the lowest since late May.

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Oil flow through the Strait of Hormuz dropped to 4 million barrels per day on July 20, according to market researcher Rory Johnston. The 10-day moving average is the lowest since late May, down sharply from 15 million barrels per day in late June. Traders are monitoring altcoins as the Fear & Greed Index reflects heightened anxiety over potential supply disruptions. The decline has raised concerns about risks in the energy market and could affect global trade dynamics.

BlockBeats news: On July 20, oil market analyst Rory Johnston stated that, based on the 10-day moving average, oil throughput through the Strait of Hormuz has declined to approximately 4 million barrels per day.


This level represents a significant decline from the approximately 15 million barrels per day transported at the end of June, marking the lowest level since the end of May.


Market participants believe that the continued decline in oil flows through the Strait of Hormuz, a critical global energy transit route, is intensifying concerns over supply disruptions and could further elevate risks in global energy markets.

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