42 resultsfor “Impact of Hormuz Strait closure on oil supply”
supply.** Data shows that Iran exported an average of 1.84m barrels per day in March, despite the ongoing war. But exports from Gulf countries that rely on the strait of Hormuz to get their
supplies are feared to be running low on some trapped vessels. On Sunday, Trump announced the launch of [Project Freedom](https://www.theguardian.com/us-news/2026/may/04/project-freedom-marks-a-classic-trump-flip-from-warmonger-to-humanitarian), a presidential initiative, which would see the stranded 850 vessels pass through