Hormuz oil flow shrinks — rundown, 2 September 2026

Published:

Oil moving through the Strait of Hormuz averaged 4.9 million barrels a day in the second quarter of 2026, against 21.6 million before the conflict, on EIA estimates. U.S. commercial crude stocks fell 4.450 million barrels on the week to 424.460 million and gasoline stocks were 5.900% below a year earlier; the 30-year Treasury par yield reached 5.27%. The rundown also covers a 0.9% rebound in July factory orders and the White House proclamation setting 100% duties on heavy and thermal-imaging drones.

Instruments mentioned: BRENT, SPX, US10Y, US30Y

Sources

  1. Oil and petroleum liquids through the Strait of Hormuz averaged 4.9 million barrels a day in the second quarter of 2026, down from 21.6 million before the conflict

    Source: U.S. Energy Information Administration — Short-Term Energy Outlook · As of:

  2. U.S. commercial crude oil stocks excluding the reserve fell 4.450 million barrels to 424.460 million

    Source: U.S. Energy Information Administration — Weekly Petroleum Status Report · As of:

  3. Total motor gasoline stocks were 205.669 million barrels, 5.900% below a year earlier

    Source: U.S. Energy Information Administration — Weekly Petroleum Status Report · As of:

  4. The 30-year U.S. Treasury par yield was 5.27%

    Source: U.S. Treasury — Daily Treasury Par Yield Curve Rates · As of:

  5. The prior observation put the 30-year U.S. Treasury par yield at 5.25%

    Source: U.S. Treasury — Daily Treasury Par Yield Curve Rates · As of:

  6. Orders placed with U.S. factories rose $5.8 billion, or 0.9%, to $663.6 billion in July, after two monthly declines

    Source: U.S. Census Bureau — Manufacturers' Shipments, Inventories and Orders · As of:

  7. Imported heavy or thermal-imaging unmanned aircraft systems face a 100% duty, against 25% for systems weighing 25 kilograms or less, with a 180-day delay before the 25% duty on certain components starts

    Source: The White House — Adjusting Imports of Unmanned Aircraft Systems · As of:

  8. Brent crude was $95.85, up 1.27% on the day

    Source: Yahoo Finance — Brent Crude Oil Futures · As of:

  9. The S&P 500 was 7,662.47, up 0.41% on the day

    Source: Yahoo Finance — S&P 500 · As of:

  10. The U.S. 10-year Treasury yield was 4.75%, against 4.73% in the prior reading

    Source: FRED — 10-Year Treasury Constant Maturity Rate (DGS10) · As of:

This content was produced with AI assistance.