$104.32/bbl Sep 25 close (-2.1%), as diplomatic hopes from Iran's seven-day Hormuz plan eased prices before WSJ reported Sep 26 that Trump privately rejected the proposal

Restarted Sep 22 at a reduced rate after roughly two weeks shut; Aramco targeting a return toward ~4M bpd (4% of global supply), full commercial resumption still estimated to take weeks

-70% (2.1-2.3M bpd, down from 7.5M bpd Jan-Feb)