Since March 1, 2026 the Strait of Hormuz has been closed resulting in a 20% reduction in global oil production

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▾ assumptions
  • March 1st the Strait of Hormuz was closed due to the war with Iran.
  • Each day the strait remains closed the world is producing 20% less oil.
  • 20% of the world's oil production for one year is roughly 7.5 billion barrels.
  • 430 kg of CO2 is produced per barrel of oil.
  • 20% of the world's natural gas production moves through the Strait of Hormuz.
  • 500 million metric tonnes of natural gas is produced globally per year.
  • Burning 1 metric tonne of LNG releases roughly 2.76 tonnes of CO2.

Oil

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Yearly Global Barrels Not Produced
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Yearly Kg of CO2 from Oil Not Produced
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Natural Gas ⌄
⌃ Oil

Natural Gas

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Yearly Metric Tonnes of Natural Gas Not Produced
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Yearly Kg of CO2 from LNG Not Produced
Combined Total ⌄
⌃ Natural Gas

Combined Total

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Total Yearly Kg of CO2 Not Produced
Adjust Assumptions
Default: 36.5 billion barrels (~100M barrels/day)
Default: 20% (share of oil through Strait of Hormuz)
Default: 2026-03-01
Default: 430 kg of CO2 per barrel of oil
Default: 500 million metric tonnes/year
Default: 20% (share of gas through Strait of Hormuz)
Default: 2.76 tonnes of CO2 per tonne of LNG