Regions
Who depends on the strait.
Country-by-country exposure to a Strait of Hormuz disruption. Each page carries a live headline metric (today's daily import value tied to Gulf supply, computed from current Brent against this region's import mix) and a static profile of suppliers, reserves, vulnerabilities, and mitigations.
The shares count crude sourced from Gulf producers, including barrels that leave by pipeline at Yanbu and Fujairah and never cross the strait. Regions overlap, so the figures add up to more than the strait carries. Read them as upper bounds.
China
China is the largest single importer of Hormuz crude in absolute terms, but its share of total imports (about 46%) is the lowest among major Asian importers because of overland Russian and Kazakh pipelines.
46%
crude from the Gulf
$494M
daily value tied to Gulf supply
India
India's Hormuz exposure has changed shape, not size.
50%
crude from the Gulf
$225M
daily value tied to Gulf supply
Japan
No major economy is more Hormuz-dependent than Japan.
88%
crude from the Gulf
$202M
daily value tied to Gulf supply
Southeast Asia
Southeast Asia is the most heterogeneous case in this set.
38%
crude from the Gulf
$197M
daily value tied to Gulf supply
South Korea
South Korea's exposure is structural in a different way from Japan's.
72%
crude from the Gulf
$186M
daily value tied to Gulf supply
European Union
Europe's crude exposure to Hormuz is structurally low: Norway, the United States, and West Africa carry most of the import mix, and the post-2022 reshuffle accelerated that pattern.
14%
crude from the Gulf
$127M
daily value tied to Gulf supply
United States
The United States is the major economy least directly exposed to a Hormuz closure.
7%
crude from the Gulf
$43M
daily value tied to Gulf supply
Australia
Australia's direct Hormuz exposure is moderate, but the indirect exposure is the more interesting story.
24%
crude from the Gulf
$4M
daily value tied to Gulf supply
Middle East
The Middle Eastern producers are the strait's origin, not its destination.
0%
crude from the Gulf
—
exporter · supply side of the strait