Middle Eastern exporters are rapidly developing alternative routes as Hormuz oil flows plunge from nearly 20 million bpd to an estimated 6–8 million bpd.

Middle Eastern exporters are rapidly developing alternative routes as Hormuz oil flows plunge from nearly 20 million bpd to an estimated 6–8 million bpd.

According to recent US government estimates, roughly 15 million barrels of Gulf oil are now leaving the region each day through the strait and alternative export routes.