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Hormuz restricts Gulf oil flows
Since the start of the war in February 2026, Gulf oil flows have experienced sharp fluctuations. They decreased from around 16.5 million barrels per day before the war to 2.9 million barrels on October 11, representing a decline of approximately 81% compared to September levels. The exports suffered their worst decline during the period from April to June, with a noticeable recovery in June and July before declining again, despite attempts by Gulf countries to rely on pipelines and alternative routes to bypass the disruption of oil movement through the Strait.
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