Traffic Statistics
According to the U.S. Energy Information Administration, on an average day in 2011, about 14 tankers carrying 17 million barrels (2,700,000 m3) of crude oil passed out of the Persian Gulf through the Strait. This was said to represent 35% of the world's seaborne oil shipments and 20% of oil traded worldwide. The report stated that more than 85% of these crude oil exports went to Asian markets, with Japan, India, South Korea and China the largest destinations.
A 2007 report from the Center for Strategic and International Studies also stated that 17 million barrels passed out of the Gulf daily, but that oil flows through the Strait accounted for roughly 40% of all world-traded oil
Read more about this topic: Strait Of Hormuz
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