Strait of Hormuz Oil Flows Near Pre-War Levels, but Diesel Supply Remains Tight

Crude exports from the Strait of Hormuz have largely returned to pre-war levels after exporters expanded pipeline use, changed shipping routes and increased naval escorts. Trade data shows that about 16.5 million barrels per day left the Middle East in September, up from a low of 10.5 million barrels per day in March. Saudi Arabia and the UAE have moved more crude through overland pipelines, reducing reliance on the strait. However, refined products such as diesel remain severely constrained. Shipments are still far below pre-war levels, keeping fuel costs elevated and leaving global oil markets exposed to renewed attacks and disruptions.

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