Russian Deputy PM Quantifies Hormuz Disruption at 6-7 Million BPD
Summary
Russian Deputy Prime Minister Alexander Novak stated that the current situation in the Strait of Hormuz is preventing 6-7 million barrels per day of oil from reaching global markets. This assessment highlights the significant supply-demand imbalance and market volatility resulting from the ongoing regional instability and potential Houthi or Iranian-backed disruptions to energy flows.
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Actor Responses
Deputy PM Alexander Novak quantified the oil supply loss at 6-7 million bpd due to Hormuz clogging, noting the resulting market volatility.
Related Events (4)
"The Houthi attacks on Yemeni infrastructure and the disruption of Hormuz oil flows are parallel manifestations of the same regional instability and Houthi/Iranian-backed campaign against energy and regional security."
"The disruption of 6-7 million BPD in the Strait of Hormuz is a direct economic consequence of the physical attacks on shipping, such as the supertanker being hit by a sea mine in the same location."
"The projectile striking a product tanker in the Strait of Hormuz is a specific incident contributing to the broader supply disruption quantified by the Russian Deputy PM."
"The new event describes direct Iranian military strikes in the Strait of Hormuz, which is a direct military escalation of the economic disruption and tensions previously quantified in event 10 regarding Hormuz disruption."