Hormuz Oil Flows Rebound to Two-Thirds Prewar Levels on Saudi Export Surge

Key Facts

1Oil shipments through the Strait of Hormuz have recovered to roughly 13.5 million barrels per day, driven by a surge in Saudi exports.

2Saudi crude exports averaged 5.28 million barrels per day during the first 23 days of September, the strongest pace since the conflict began.

Oil shipments through the Strait of Hormuz have recovered to approximately 13.5 million barrels per day, driven by a surge in Saudi Arabian exports. Bloomberg reported that Saudi crude exports averaged 5.28 million barrels per day during the first 23 days of September 2026, marking the strongest pace since the start of the regional conflict.

Loadings at Gulf ports reached about 3.4 million barrels per day, reversing the near-total retreat from those terminals seen earlier in the war. According to data cited by ZeroHedge, this recovery in flows helps ease risk premiums even as oil prices remain near $100, suggesting a weakening of Iranian strategic control over the maritime chokepoint.