Brief
Oil flows through Strait of Hormuz rebound to near‑prewar levels, Al Jazeera reports
Tanker‑tracker data show oil exports through the strait reaching roughly 9.7 million barrels per day in September, signalling a shift in Iran's leverage.
By Felo News Desk · Published
Al Jazeera said that oil and petroleum traffic through the Strait of Hormuz has risen to almost 80 percent of pre‑war levels, based on tanker‑tracker data released in late September.
The commodity analytics firm Kpler estimated that total Middle‑East crude exports hit 16.328 million barrels per day in September, the highest since the February 28 U.S.–Israeli war on Iran began. Of that, about 9.719 million barrels per day moved through the strait.
Susannah Streeter, chief investment strategist at Wealth Club, told Al Jazeera that the increase is encouraging but warned that flows remain insecure while the broader conflict is unresolved.
Despite the rise, the article notes that oil prices stay high, tanker insurance costs remain elevated and the United States continues its blockade of Iranian ships and ports, suggesting Iran’s bargaining power may be weakening rather than disappearing.
Key facts
- Oil and petroleum flow through the Strait of Hormuz has risen to nearly 80% of pre‑war levels. (aljazeera.com)
- Kpler reported Middle‑East crude exports at 16.328 million barrels per day in September. (aljazeera.com)
- Flows through the strait were estimated at about 9.719 million barrels per day in September. (aljazeera.com)
- Wealth Club chief investment strategist Susannah Streeter said the flows are encouraging but not yet secure. (aljazeera.com)
Sources
- [1] aljazeera.com — originally reported as “‘Economic war’: Is Iran losing its leverage over the Strait of Hormuz?”
