Middle East oil flows rebound to 92% of pre-war levels despite Strait of Hormuz restrictions
Oil flows from the Middle East have almost returned to pre-war levels, even as Iran continues to restrict vessels trying to pass through the Strait of Hormuz. Data cited in the supplied material shows daily regional oil flow reached 92% of its pre-war baseline in the final week of September. The development points to a partial recovery in a route that was effectively closed seven months ago during the war involving Iran and Israel.The rebound has been driven by a mix of shipping workarounds and pipeline rerouting. About 40% of the region's oil exports in September bypassed the strait and... [Continue Reading]
Sponsored

