Enterprise Products CEO: Strait of Hormuz Blockage Could Affect Up to 15 Million Barrels Per Day - News and Statistics

The CEO of Enterprise Products Partners LP warned that a potential blockage of the Strait of Hormuz could disrupt between 12 and 15 million barrels per day of crude oil and refined products, highlighting significant global supply risks related to the US-Iran conflict. This underscores concerns about energy security and could substantially impact global energy markets. The company also noted high demand for ethane and propane in the US.