Crude oil exports through the Strait of Hormuz have largely returned to levels seen before the Iran war, and about 40% of the region’s crude is now transported without transiting the strait, compared with 17% before the war, through Saudi and Emirati pipelines, according to The Guardian.

At least 16.5 million barrels per day (bpd) left the region in September, equalling the pre-war average, excluding Iran, according to the global trade intelligence firm Kpler.