Hormuz crude exports near pre-war levels as alternative routes help, Guardian reports
Crude exports from the Strait of Hormuz have largely recovered to levels preceding the Iran war, The Guardian reports, as producers and shippers use alternative transport methods. Refined fuel exports, including diesel, remain restricted, putting upward pressure on prices.
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The Guardian reports that crude oil exports from the Strait of Hormuz have recovered much of the volume recorded before the Iran war began. The recovery reflects alternative arrangements for moving oil out of the Gulf region.
Analysts cited by the newspaper identify pipelines and transfers between ships as methods helping producers and shipping companies transport crude. The report also says the US military is continuing to escort some vessels.
The recovery does not extend equally to refined fuels. According to The Guardian, restricted flows of products including diesel are contributing to higher prices.
Original source
- The Guardian – Worldtheguardian.com
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