Middle East oil exports exceed pre-war levels despite tensions; IRGC downplays Hormuz flows

Middle East oil exports have surpassed pre-war levels despite ongoing tensions, according to data. An IRGC commander claims oil flows through the US-supervised route in Hormuz are 'negligible', suggesting a potential shift in export routes or a rhetorical attempt to downplay US influence. The resilience of exports despite tensions indicates market adaptation, but the IRGC statement introduces uncertainty about the actual reliance on the Strait of Hormuz.