Hormuz Oil Flows Rebound as Iran's Economic Pain Mounts

The Strait of Hormuz, a vital energy corridor in the Middle East, has seen oil exports rebound to pre-war levels, according to tanker-tracking and satellite analysis by Kpler.

Between September 1 and 28, at least 16.5 million barrels per day of crude oil left the region, matching the pre-war average for producers other than Iran.

This is a significant increase from March, when the strait was shut down due to the war, with exports averaging just 6 million barrels per day.

However, Iran's oil exports have hovered near zero since the US imposed a naval blockade in July, undercutting Tehran's central wartime bet that choking off the world's most important energy corridor would inflict enough pain on global markets to force Washington and the Gulf states to deal on Iran's terms.