STRAIT RESTRICTED — Day 89 of disruption
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United States

LOW
Oil Import Dependency
5%
LNG Import Dependency
3%

Situation Overview

The United States is a net oil exporter with only 5% of its crude imports transiting Hormuz. However, the crisis has significant domestic price impacts — gasoline has risen 29% from pre-crisis levels to over $4.10 per gallon. The Strategic Petroleum Reserve holds 680 million barrels, providing approximately 140 days of import coverage, and domestic shale production is ramping up in response to elevated prices.

Economic Impact

Primarily price impact rather than supply disruption. Gasoline prices have increased 29%, creating political pressure and contributing to inflation. US shale producers have added 45 drilling rigs since the crisis began, with production expected to increase by 800K bbl/day over the next quarter. The SPR has been tapped to provide 15M barrels in emergency releases.

Key Facts

  • Net oil exporter
  • Only 5% crude via Hormuz
  • 680M barrel SPR
  • Gasoline +29% (from $3.20)
  • Shale production ramping up
  • 15M barrel SPR emergency release