The United States was producing 13.58 million barrels per day in 2025, about 16% of global crude supply. It was exporting roughly 4 million barrels per day of crude.
Iran shuts the Strait of Hormuz. U.S. April exports jumped to 4.9 million barrels per day, and May is tracking 5.2 million, an all time record. 28 supertankers are booked for May. Normally it is around 5.
Asian buyers that once depended on Hormuz are now turning to U.S. supply.
In some strange way, the Strait of Hormuz being blocked is actually the biggest payday U.S. oil has ever had.