Iran has continued exporting crude oil to China through the Strait of Hormuz despite ongoing conflict in the region that has disrupted shipping through the critical waterway. Since the war began on February 28, Iran has shipped at least 11.7 million barrels of crude oil through the Strait of Hormuz, according to tanker monitoring firm TankerTrackers. All of the shipments were reportedly headed to China.
Satellite tracking data shows that several vessels involved in the shipments have turned off their tracking systems, a practice known as “going dark,” after Iran warned it could target ships attempting to pass through the strait.
Shipping intelligence company Kpler estimates that around 12 million barrels of crude oil have moved through the waterway since the conflict began. Analysts say a large portion of these shipments is likely destined for China, which has remained the primary buyer of Iranian crude in recent years.
The Strait of Hormuz, one of the world’s most important energy corridors, normally carries about 20% of global oil and gas supplies. However, shipping activity has slowed sharply since the conflict between the United States, Israel and Iran intensified.
According to the International Maritime Organization, at least ten vessels in or near the strait were attacked by Iran within the first two weeks of the war, resulting in the deaths of several seafarers.
Despite the risks, Iran has continued oil exports and has also begun loading tankers again at the Jask oil and gas terminal on the Gulf of Oman. The facility allows Iran to ship crude oil without passing through the Strait of Hormuz, though it is considered less efficient than the country’s main export hub.
Kharg Island, located off Iran’s coast, has historically handled around 90% of Iran’s crude exports before tankers pass through the strait.
Analysts say the renewed use of the Jask terminal suggests Iran is exploring alternative export routes as tensions remain high in the region.
China has also been increasing its oil reserves amid concerns about potential supply disruptions. According to customs data, China’s crude imports rose 15.8% in the first two months of the year compared with the same period last year.
China currently holds an estimated 1.2 billion barrels of oil in storage, which analysts say could cover the country’s energy demand for three to four months.
Global oil markets remain highly sensitive to developments around the Strait of Hormuz. Oil prices surged to nearly $120 per barrel earlier this week, the highest level in four years, before easing slightly.
The conflict continues to keep energy markets on edge as governments and global institutions monitor the risk of a major supply shock.
