for about 55% of global proven oil reserves and about 40% of global proven natural gas reserves.
Yet, in 2025, the Persian Gulf accounted for about only 490,000 barrels per day of U.S. oil imports (8% of U.S. oil imports of 6.2 million barrels per day), or about 2.3% of total U.S. oil consumption of about 20.9 million barrels per day. By contrast, continue reading …
