The New Indian Express ·
Middle East crude supply may fall by nearly half through 2027 amid Hormuz disruption
The continuing conflict in West Asia, which has led to the closure of the Strait of Hormuz, is expected to cut the supply of Middle Eastern crude oil by almost half, with monthly output likely to average around 10 million-16 million barrels per day (b/d) through 2027.
According to an S&P Global report, Middle Eastern crude supply stood at around 20 million b/d before the war in January-February 2026.
Production capacity has not been permanently lost, but security and logistical challenges are limiting the amount of oil that can reach the market, the analysis said.
