Hormuz Oil Flows Rebound to 16.5 Million Barrels a Day as Iran's Blockade Fails

Oil shipments through the Strait of Hormuz reached at least 16.5 million barrels per day in September, the Wall Street Journal reported, as Iran's effort to block traffic broke down. The strait is a key route for global oil and gas. That weakens Tehran's leverage with Washington, though high insurance costs still prevent a full return to normal.