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Middle East oil nearing pre-Iran war levels
Oil flow from the Middle East has nearly returned to pre-war levels despite ongoing Iranian restrictions on Strait of Hormuz vessels. Data shows that in late September, daily regional oil exports reached 92% of their baseline, supported by U.S. military assistance, ship-to-ship transfers, and increased overland pipeline exports. Iran’s exports have nearly halted due to reimposed U.S. sanctions, while alternative routes now account for a significant portion of regional oil movement.
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