Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says

Hormuz oil exports were “sharply lower,” falling to a seven-day average of 9.9 million barrels per day as of October 7, 42 percent below prewar levels and down from about 15.5 million in September, according to Kpler data cited by the Financial Times. Kpler said that flows had recovered to prewar levels in September but "intensified attacks on vessels" had driven exports "sharply lower" this week. Energy analyst Rory Johnston also said that the latest estimate puts Hormuz seven-day average oil flow peaking at 16.2 mbpd on September 24. "Then Iran really picked up its shipping attacks and that flow unsurprisingly pulled back by 3-4 mbpd," he wrote on X. "Now seeing flow at 12-13 mbpd over the past two weeks."