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Oil Is Flowing Through Hormuz Again. Don't Be Fooled.

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In February 2026, around 90 ships a day crossed the Strait of Hormuz. Within days, almost none did. A fifth of the world's oil passes through this narrow gap, and this year it was declared closed. Now crude flows are back near prewar levels — but the system behind them has completely changed. Desert pipelines, ship-to-ship transfers, military escorts, and a strait that is open only on terms. CHAPTERS 0:00 Hook 0:25 The Only Way Out 1:49 The Day the Door Shut 3:34 The Pipeline Built for This Day 4:47 When the Backup Became a Target 5:42 The Ship-to-Ship Shuffle 7:22 The New Normal 8:08 Close SOURCES - U.S. Energy Information Administration: Strait of Hormuz oil flows (2024 data) - IMF PortWatch transit data, via independent analyses (Feb–Aug 2026) - S&P Global Commodities at Sea (March 2026) - Kpler tanker-tracking data, as reported by CNBC, CNN, Al Jazeera and The National (Sept 2026) - JPMorgan estimates, as reported by CNN (Sept 2026) - Reuters, UKMTO, gCaptain, Oman Observer (Sept 2026) Figures reflect reporting as of late September 2026 and may have changed since. Attacks described as unattributed had not been officially claimed or attributed at the time of reporting. Maps: Esri World Imagery. Narration is AI-assisted. Atlas & Ledger — maps, money and the forces that shape the world. Subscribe for new documentaries every week. #StraitOfHormuz #Oil #Geopolitics #Shipping #Iran

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