A parent to the Florida Current, the Loop Current is a warm ocean current that flows northward between Cuba and the Yucatán Peninsula, moves north into the Gulf of Mexico, loops east and south before exiting to the east through the Florida Straits and joining the Gulf Stream. The Loop Current is an extension of the western boundary current of the North Atlantic subtropical gyre. Serving as the dominant circulation feature in the Eastern Gulf of Mexico, the Loop Currents transports between 23 and 27 sverdrups and reaches maximum flow speeds of from 1.5 to 1.8 meters/second.

A related feature is an area of warm water with an "eddy" or "Loop Current ring" that separates from the Loop Current, somewhat randomly every 3 to 17 months. Swirling at 1.8 to 2 meters/second, these rings drift to the west at speeds of 2 to 5 kilometers/day and have a lifespan of up to a year before they bump into the coast of Texas or Mexico. These eddies are composed of warm Caribbean waters and possess physical properties that isolate the masses from surrounding Gulf Common Waters. The rings can measure 200 to 400 kilometers in diameter and extend down to a depth of 1000 meters.