Crude oil shipments through the Strait of Hormuz have returned to around prewar levels, raising hopes that one of the biggest pressures on global oil prices could finally begin to ease. But while more crude is reaching the market, analysts warn that the recovery has not extended to refined fuels, leaving diesel supplies squeezed and keeping significant upward pressure on energy costs.
Crude transiting Hormuz reached a seven-day average of 13.5 million barrels per day (bpd) as of Monday, matching the prewar baseline, according to tanker-tracking firm Kpler.
