2M barrels of oil per day is still getting through the Strait of Hormuz, reports say

Recent reporting says oil is still moving through the Strait of Hormuz at meaningful volumes even as the wider conflict and Iran’s closure claim have raised alarm across energy markets.

One June 10 report said roughly 2 million barrels of oil per day are still getting through the chokepoint, citing JPMorgan data that showed 2.1 million barrels moved in the last two weeks of May. The report framed that figure as evidence that the blockade narrative does not yet match the actual flow of crude.

The same report said some tankers are continuing under an Iranian permitting mechanism, with reported fees as high as $2 million for safe passage. It also said about 900,000 barrels per day are being moved by vessels using stealth tactics such as turning off tracking systems.

How the flow has continued

The chronology matters. Earlier coverage in the crisis had already described shipping disruption, higher war-risk costs and tanker operators adjusting routes and tactics to keep cargo moving. The new reporting adds a specific volume estimate for how much oil is still transiting despite that pressure.

The report also said at least 358 tankers had used shadow-fleet tactics by May 19, and that the JPMorgan figure covered the final two weeks of May. That places the latest estimate in a broader pattern rather than as an isolated snapshot.

The claim sits alongside other live coverage that points in the opposite direction. A Times of India update on June 11 said Iran declared the Strait of Hormuz closed to all vessels after recent U.S. strikes, while the June 10 report says substantial crude volumes are still getting through.

Market impact

The Strait of Hormuz remains one of the most important oil chokepoints in the world, so even partial disruption can affect global crude prices, shipping costs and insurance. MarketWatch reported on June 11 that oil prices rose as traders reacted to renewed Iran-related risk around the strait.

The Guardian’s live coverage on June 10 also said oil prices and inflation were rising amid the conflict and disruption to Hormuz shipping. Together, the reports suggest the market is pricing in risk even though oil is still finding a way through.

The wider backdrop is a shipping system that has already been under stress. Background reporting in this crisis has described ships using alternate routing, stealth transits and higher war-risk costs to keep moving cargo through the region.

What remains unclear

Several important details are still not independently verified in the reporting packet. It is not yet clear whether the reported permitting mechanism is formally confirmed by an official source, how many vessels are paying for passage versus using stealth routing, or whether the tolling system is official or informal.

The article also relies on a reported JPMorgan figure rather than a directly published bank note in the sourced material. That makes the number useful as an indicator of flow, but not the same as an independently audited official count.

For now, the best-supported conclusion is narrower than the closure rhetoric suggests. The Strait of Hormuz appears heavily disrupted and riskier than usual, but recent reporting says substantial oil volumes are still reaching the market through a mix of permits, fees and stealth transit.

That makes the next few days important for three reasons: whether other major outlets repeat the 2.1 million barrel figure, whether officials clarify the status of any passage mechanism, and whether shipping or insurance costs move further as the conflict develops.