As disruptions to oil flows through the Strait of Hormuz (a narrow waterway through which roughly one-fifth of the world's oil and liquefied gas passes) continue to drive up fuel prices across Europe, Spain stands out as relatively well-insulated against outright shortages. The country's nine refineries — capable of processing up to 1.6 million barrels per day — are built to handle crude from a wide range of origins, and around 60–70% of Spain's oil imports come from the Americas and Africa rather than the Gulf. Analysts warn, however, that if the disruption extends significantly further, particularly affecting jet fuel supplies, even Spain's advantages will not shield it from broader European shortfalls.