CNBC Daily Open: Crude flows back at prewar levels, but at what cost? — Live Feedhttps://www.live-feeds.com/feed/cnbc-daily-open-crude-flows-back-at-prewar-levels-but-at-what-costContinuously updated, source-cited coverage. Crude flows through Strait of Hormuz return to prewar levelshttps://www.live-feeds.com/feed/cnbc-daily-open-crude-flows-back-at-prewar-levels-but-at-what-costhttps://www.live-feeds.com/feed/cnbc-daily-open-crude-flows-back-at-prewar-levels-but-at-what-cost#u103480Mon, 05 Oct 2026 18:12:47 +0000Crude oil exports through the Strait of Hormuz have returned to prewar baselines, averaging 13.5 million barrels per day according to research from Goldman Sachs, JPMorgan, and Kpler. Despite this recovery in crude supply, refined product shipments remain constrained at approximately one fifth of prewar levels. This imbalance has pushed diesel prices to record highs at the pump, maintaining pressure on global inflation and commerce. While oil benchmarks have eased, the recovery relies on U.S. military protection of tankers in the Persian Gulf.Why it mattersThe Strait of Hormuz is a critical tr