Every Chokepoint That Isn't Hormuz
Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… For six months the entire conversation about oil logistics has been about one strait, and you can hardly blame anyone for that.
Hormuz has beeneffectively closedsince late February, when the war between Iran and the U.S.
and Israel started, and the EIA reckons only4.9 million barrels a dayof crude and liquids made it through in the second quarter.
In the last quarter of 2025 that number was 21.6 million.
Parliament Speaker Mohammad Baqer Qalibaf said in June that management of the strait “will never return to the way it was before the war,” which is about as clear as Tehran has been on anything lately.
But 16.7 million barrels a day don't vanish off the map…They get rerouted, and rerouting oil means shoving it through some other narrow place that was already busy.
Brent was around $91.62 on Wednesday and WTI at $85.56, and a fair slice of that is just the cost of the detour.
SetOilPrice.comas a preferred source in Googlehere.
So the more useful question right now isn't what's happening in Hormuz.
There are five other chokepoints that matter, and every one of them is currently doing something.
They're below in rough order of how likely they are to ruin somebody's quarter, starting with the one that already is.
The Houthis followed Saudi Arabia to the Red Sea When Hormuz shut, Riyadh did the obvious thing and swung its export machine 800 miles west.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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