Hormuz oil exports plunge 42% as vessel attacks intensify

Kpler data cited by the Financial Times shows Hormuz oil exports fell to a seven-day average of 9.9 million barrels per day as of October 7, 42% below prewar levels and down from about 15.5 million in September. The drop follows intensified attacks on vessels, reversing a September recovery to prewar levels. This signals a significant supply disruption in a critical chokepoint, with implications for global oil prices and energy security.