Persian Gulf Oil Flows Top Prewar Levels Despite Strait Attacks
Middle East oil flows, including shipments through Hormuz and alternative regional routes, topped prewar levels in the week through Oct. 18, according to the report. A shipping system under U.S. protection is helping tankers move oil despite attacks in the Strait of Hormuz.
An improvised shipping system backed by U.S. protection is helping tankers transport oil despite attacks in the Strait of Hormuz. Oil flows from the Middle East, including shipments through Hormuz and via alternative regional routes, exceeded prewar levels in the week through Oct. 18, according to…