Hormuz Oil Flows Are Near Prewar Levels. Consumers Are Unlikely To See Relief Soon.

Source: International Business Times

Nearly 12. 5 million barrels per day moved through the Strait of Hormuz during the week ending September 27, about 1 million barrels below its prewar baseline, but prices are still high. Mario Tama/Getty Images Crude oil is once again moving through the Strait of Hormuz at rates approaching prewar levels.