Commodities
Hormuz Oil Flows Rise Amid Middle East Export Hike
The flow of crude oil through the Strait of Hormuz is slowly increasing as major producers in the Gulf region ramp up exports.
This rise in oil shipments is a response to Iran's threat to shipping, which has led to an increase in exports from other Middle Eastern countries.
According to estimates from oil traders, around 6 million to 8 million barrels of crude are being shipped through the Strait of Hormuz each day, which is roughly half of pre-war levels.