Non-Iranian Gulf oil exports reportedly near prewar levels despite reduced Hormuz traffic

CBS News reports Marco Rubio said Wednesday that the Strait of Hormuz is open and almost as much oil is flowing out as before the war. OilPrice.com, citing Standard Chartered, says non-Iranian Gulf crude and condensate exports reached roughly 16.5 million barrels a day in September, near prewar levels, including bypass routes. But only 60% crossed Hormuz, versus 83% before the war, and the bank says the workarounds cost more.