Gulf crude exports ex-Iran hit at least 16.5M bpd in September, matching the prewar average, but only ~60% crossed Hormuz vs 83% before—pipelines and STS transf...

Gulf crude exports ex-Iran hit at least 16.5M bpd in September, matching the prewar average, but only ~60% crossed Hormuz vs 83% before—pipelines and STS transfers are eroding Iran’s chokepoint leverage. #Oil #Hormuz #Iran #Energy #Crude

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