Oil exports from the Persian Gulf have exceeded prewar levels, despite increasing threats and attacks around the Strait of Hormuz. Reports indicate that the region is now experiencing higher oil availability than before the Iran War, with Middle East oil exports climbing back to robust figures. However, the surge in oil exports has not translated into lower prices; shipping costs have soared, impacting crude benchmarks. Key factors contributing to this resilience include rerouting and increased security measures in response to ongoing risks from Iranian attacks. Analysts suggest that while oil flows have recovered, the market remains volatile, suggesting that normalization is still far off even as analysts celebrate the apparent resilience of the oil sector.