Iran Losing Its Grip Over the Strait of Hormuz, Analysts Say
Oil and petroleum product flows are at about 80 percent of prewar levels.
TL;DR
- Middle East oil exports (excluding Iran) hit 16.5 million barrels per day in September.
- Oil logistics have shifted, with 40% of crude now avoiding the Strait of Hormuz, up from 17% before the conflict.
- The export system for Persian Gulf oil has fundamentally changed.