Strait of Hormuz: Iran losing influence as oil flows recover

Maritime data firm Kpler reports that Iran is losing influence and control over the Strait of Hormuz. Despite regional tensions, oil and petroleum product flows through the vital waterway averaged 13.1 million barrels per day last week, representing nearly 80 percent of the 17.1 million barrels per day recorded before the current conflict.

Middle Eastern crude oil flows, including those using alternative routes, have returned to 98 percent of pre-war levels according to JPMorgan data. This recovery is driven by a strategy known as ‘dark transit,’ where vessels disable their tracking systems to avoid Iranian detection and attacks. Many of these shipments are conducted under U.S. military escort.

While global oil inventories decreased by approximately two billion barrels during the conflict, the market has remained resilient. This stability is attributed to innovative solutions such as rerouting pipelines, military-backed transport services, increased production outside the Middle East, and a decline in global demand.