WORLD SYSTEM BRIEF
FLOWS · BOTTLENECKS · LEVERAGE
Hormuz · 2026-09-30 · ENTITY

Hormuz

FIRST OBSERVED
WSB-0001 · 2026-09-28
CURRENT STATE
persistent constraint · easing
PERSISTENT

SYSTEM BIOGRAPHY

2026-09-28 · WSB-0001[1][2]

STATE CHANGE
major physical/security constraint → persistent constraint
PERSISTENT

2026-09-29 · WSB-0002

NO CHANGE
persistent constraint
PERSISTENT

2026-09-30 · WSB-0003[3]

STATE CHANGE
persistent constraint → persistent constraint · easing
PERSISTENT

SOURCES

Key Middle East crude exports rebounded to 12.8 mbd in September; Hormuz exports were set to reach about 7.4 mbd; Saudi exports about 5.4 mbd; Ras Tanura about 3.6 mbd.

[2] Reuters · 2026-09-21

After damage to the East-West Pipeline, Saudi Arabia increased eastern Gulf loadings and arranged large volumes for ship-to-ship transfer around Sohar.

[3] Reuters · 2026-09-30

Oil prices rose after Donald Trump denied willingness to ease Iran sanctions, while Middle East crude exports had recovered and Saudi East-West flows had resumed.