Persian Gulf oil exports rebound to 72% of prewar levels as Iran feels blockade strain

Persian Gulf oil exports have rebounded to 72% of pre-war levels, averaging over 13 million barrels per day in September, while US officials say Iran is "exhausted" by a naval blockade that has strangled its trade and economy. The Strait of Hormuz saw crude flow reach 7.3 million barrels daily in September, the war's highest, with no confirmed Iranian attacks for nearly a week under US military protection. Iran's rial has plunged to 2.45 million per dollar, and Treasury Secretary Scott Bessent credited "Operation Economic Outcast" for the record low. US officials say increased oil flow strengthens America's negotiating position, with President Trump reportedly offering sanctions relief for a nuclear deal, though Iranian hardliners reject such terms. Iran's Revolutionary Guard continues threatening escalation, and 22 seafarers have died in 79 confirmed attacks since the war began.