Oil flows nearly tripled before US-Iran MoU expired, analysis shows
Oil exports through the Strait of Hormuz nearly tripled during a 60-day US-Iran Memorandum of Understanding. The agreement has since expired without a permanent peace deal, leaving regional energy security uncertain amid ongoing shipping attacks.
Why it matters
The Strait of Hormuz is a critical global energy chokepoint; instability here directly impacts global oil prices and supply chain security.
Some 374 million barrels of oil exited the Gulf during the 60-day window covered by the MoU, Kpler data shows.
x whatsapp-stroke copylink google Add Al Jazeera on Google info A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, on June 15, 2026 [Reuters] By John Power Published On 20 Aug 2026 20 Aug 2026 Oil flows through the Strait of Hormuz nearly tripled while the Memorandum of Understanding (MoU) between the United States and Iran was in effect, though it remained far below pre-war levels, according to ship tracking data.
Some 374 million barrels of oil exited the Gulf during the 60-day window covered by the since-expired MoU, equalling about 6.1 million barrels per day, trade intelligence firm Kpler said in a briefing published on Wednesday.
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