Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says

Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says Hormuz oil exports were “sharply lower,” falling to a seven-day average of 9.9 million barrels per day as of October 7, 42 percent below prewar levels and down from about 15.5 million in September, according to Kpler data cited by the Financial Times. Kpler said that flows had recovered to prewar levels in September but "intensified attacks on vessels" had driven exports "sharply lower" this week. Energy analyst Rory Johnston also said that the latest estimate puts Hormuz seven-day average oil flow peaking at 16.2…