Over one-fifth of global oil and LNG exports transit the strait, enabling Saudi Arabia, the UAE, Qatar, Kuwait, Iraq, Bahrain and Iran to export crude and natural gas. Infographic: Shruti Naithani/ThePrint In 2024, oil flow through the strait averaged 20 million barrels per day. China, India, Japan and South Korea together accounted for 69 percent of the crude and condensate flows. Also Read: Trump dials Modi amid talks with Iran.