This is why Hormuz keeps showing up in every energy conversation

The Strait of Hormuz is not just another shipping route. It carries about 20M barrels per day, roughly 25% of global seaborne oil trade, and close to 20% of global LNG. Before the conflict, around 130 to 140 ships passed through daily. Now traffic is often down to single digits or low double digits, with reports showing just a few crossings in recent windows. That gap is the problem. There is only about 3.5M to 5.5M barrels per day of realistic pipeline capacity that can bypass the strait, which means most of that flow cannot simply be rerouted. At the same time, more than 200 loaded tankers are stuck inside the Gulf and hundreds of empty ones are waiting outside. Even if traffic resumes, clearing that backlog and rebalancing fleets is expected to take weeks, not days. That is the environment energy markets are reacting to. When flows tighten at this scale, pricing tends to stay elevated and volatile. For companies tied to fuel and energy services, that kind of backdrop changes revenue dynamics quickly. Names like NехtNRG (NХХТ), which already scaled revenue to about $81.8M, tend to move with these conditions because higher pricing flows directly into the top line if volumes hold.