Is oil still flowing from Hormuz

Oil flows from the Middle East have returned to levels close to pre-war figures, with shipments reaching 17.5 million barrels per day (98% of pre-conflict levels), despite ongoing risks to shipping through the Strait of Hormuz. This recovery reflects the region’s ability to transport oil through shuttle operations and covert routes, reducing Iran’s influence, which has used the strait as a bargaining tool. As a result, Iran’s impact has diminished, although challenges to sustaining this situation remain. Global inventories are low and approaching their operational lows, fuel prices are rising, and countries are taking measures to compensate for the supply shortfall.

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