Middle East oil exports, Iran aside, climb back to pre-war levels
Exporters have found ways around the Strait of Hormuz, and shipments have recovered despite attacks in the area.
AI illustrationMiddle East oil exports, Iran aside, have climbed back to pre-war levels despite attacks around the Strait of Hormuz. Exporters have found ways to move oil without passing through the strait.
Gulf crude shipments were reported to have regained their pre-war level in September. Producers have reportedly leaned more heavily on other routes and on transferring cargoes between ships. Pipelines have also helped exports avoid Hormuz, according to reports.
Kpler data for last week reportedly showed regional exports, Iran excluded, running above the pre-war average. Iranian shipments, by contrast, are reportedly still short of their pre-war average.