Crude oil shipments out of the Gulf have recovered to near their volumes before the Iran war as producers and shipping companies use other routes to transport supplies. Analysts monitoring the trade say pipelines and transfers between vessels are helping move oil from the region, while American forces provide escorts for some ships.
The recovery has not extended to refined fuels. Deliveries of products including diesel remain restricted, adding upward pressure to prices despite the improvement in crude exports associated with the Strait of Hormuz. Further details are expected as developments unfold.