Standard Chartered Says Hormuz Oil Flows Are Far From Normal
Oil flows through the Middle East have staged an impressive rebound, with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains well below normal. Standard Chartered estimates crude and condensate exports from the Gulf, excluding Iran and including byp
Source: OilPrice.com
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DW NOTE
Standard Chartered is observing what the standing data already confirms: Hormuz handled 1 ship on September 27 versus a normal 85 per day. The bank calling flows "far from normal" is like calling a shuttered factory "experiencing operational challenges." Iran has stated the Strait stays closed until seven June conditions are met; the U.S. says mine clearance will take six months. There is no flow to normalize.