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Hormuz Oil Flows Rebound To Two-Thirds Prewar Level As Iran's Grip Erodes, Attacks 19 Ships
Hormuz Oil Flows Rebound To Two-Thirds Prewar Level As Iran's Grip Erodes, Attacks 19 Ships
Rory Johnston, a Toronto-based oil analyst and the founder of Commodity Context, an independent oil market research firm, wrote on X this weekend that oil shipments through the Strait of Hormuz have recovered to roughly two-thirds of prewar levels, driven by a surge in Saudi exports. This suggests that Tehran's leverage over the critical maritime chokepoint has eroded.
"Hormuz oil flows can't possibly be above 13 MMbpd bc crude is over $100," Johnston wrote in the...
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