Middle East War Toll on Oil Supply Hits 2.2 Billion Barrels

Since the outbreak of war in the Middle East six months ago, the global oil supply has suffered significantly. According to Energy Intelligence's latest tally, a total of 2.2 billion barrels of crude oil and other supplies have been lost during this period. This translates to an average daily loss of 11.9 million barrels.

The data is based on proprietary ship-tracking information for the Strait of Hormuz, a critical waterway for global oil trade. The Strait has been particularly affected by the conflict, with multiple incidents reported in recent months.