Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained

AI Summary

Crude oil shipments through the Strait of Hormuz have returned to a prewar level, averaging 13.5 million barrels per day, aided by U.S. military escorts and redirected pipeline flows. Fuel shipments remain constrained despite the recovery in crude exports.

Crude oil exports from the Strait of Hormuz have basically returned to levels normal before the Iran war, as U.S. military escorts have boosted shipments and pipelines have redirected flows. Crude transiting Hormuz reached a seven-day average of 13.5 million barrels per day as of Monday, which matches a prewar baseline for shipments through the ...