Iran Losing Its Grip Over the Strait of Hormuz, Analysts Say
Oil and petroleum product flows are at about 80 percent of prewar levels.
Middle East oil shipments, excluding Iran, reached 16.5 million barrels per day in September, nearing pre-conflict levels. This recovery is due to regional producers rerouting their oil logistics, with a substantial increase in crude bypassing the Strait of Hormuz. The export system has fundamentally changed, adapting to new shipping patterns.
- 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.
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