Executive Summary The Hormuz Equation: Structural Asymmetries in Global Energy Security In the first half of 2025 the Strait of Hormuz carried 20.9 million barrels of oil per day, equivalent to one-fifth of global petroleum liquids consumption. Of the crude and condensate component, 89 percent reached Asian markets. The United States imported only 0.4 million … Leggi tutto US Net Oil Export Status Insulates Against Hormuz Closure Risks