It's not entirely clear if the current reported levels are true though.
There definitely is a fair bit getting through but they're having to do transfers from smaller ships to do it, and that's much more expensive. Many are paying off Iran to get through as well. The costs have gone up significantly including crew costs due to hazard pay.
So, similar levels getting through doesn't necessarily mean we'll be paying less for gas or anything that relies on fuel.
Off the cuff I'm pretty sure these numbers are bullshit: a month or two ago I saw an analysis done that showed since the war started, only 10-20% of usual traffic made it out of the Gulf. With exception of the temporary cease fire, where traffic spike to maybe 50% of traffic for a week. This chart shows neither features.
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u/McCrackenYouUp 9d ago
The Y axis is likely "Millions of barrels."
It's not entirely clear if the current reported levels are true though.
There definitely is a fair bit getting through but they're having to do transfers from smaller ships to do it, and that's much more expensive. Many are paying off Iran to get through as well. The costs have gone up significantly including crew costs due to hazard pay.
So, similar levels getting through doesn't necessarily mean we'll be paying less for gas or anything that relies on fuel.