Mideast Crude Exports Hold Above Prewar Levels Despite Weaker Hormuz Flows — Market Talk
Bullish strength: 55/100
- Hormuz oil flows remain at just 54% of the prewar baseline, indicating a significant disruption to a major export route.
- Heightened geopolitical risks and reduced flows through the Strait of Hormuz could sustain concerns about supply security.
Bearish strength: 45/100
- Non-Iranian Middle Eastern crude exports averaged 16.7 million barrels per day in October, above the 16.3 million prewar level.
- Resilient regional exports could offset some of the supply impact from reduced Hormuz flows.
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