- Goldman Sachs said Strait of Hormuz crude and oil-product flows have risen to 15 million to 16 million barrels a day, around two-thirds of pre-war levels.
- Flows remain 7 million to 8 million barrels a day below pre-conflict levels but have recovered substantially from the 5 million to 6 million barrel-a-day trough in March.
- Goldman Sachs said the recovery has limited the Iran war's impact on global crude prices.
Quotes
“Oil flows through the Strait of Hormuz have recovered to around two-thirds of pre-war levels, limiting the Iran war’s impact on global crude prices”