Gulf Oil Flows Recover to 18M bpd, Hormuz Transits Drop to 4

U.S. Energy Secretary reports Gulf oil flows reached 18 million barrels per day, returning to pre-war levels, even as ship traffic through the Strait of Hormuz fell to just 4 transits. The apparent contradiction suggests flows are being rerouted or sustained via alternative means, though the low transit count raises questions about the sustainability and composition of these flows. This matters because it signals partial recovery of energy supply despite ongoing regional tensions.