Hormuz Crude Flows Reach 8M b/d as Shuttle Tankers Rewire Gulf Exports
Crude shipments through the Strait of Hormuz have recovered to an estimated 6M–8M barrels per day, still around half prewar levels, as Gulf producers rely on shuttle tankers to move barrels outside the Persian Gulf. Two tankers were struck Aug. 24, keeping war-risk logistics front and center. Logistics and procurement teams must now plan around a two-tier Gulf export market and record supertanker rates.