Middle East Oil Exports Rise as LNG Traffic Through Hormuz Picks Up
Saudi shipments more than doubled as rerouted flows through Hormuz and bypass routes lifted regional exports to 16.3 million barrels a day, Kpler said.
- Middle East crude oil exports reached 13 million barrels per day in September, the highest level since February, as United States and allied efforts to circumvent Iran's control over the Strait show success.
- The U.S. Navy and regional allies have "become better at fending off or evading" attacks, allowing more tankers to transit the Strait, according to a Wall Street Journal analysis published Tuesday.
- Saudi Arabia increased exports to around 5.4 million barrels a day in September, while total regional shipments reached nearly 80% of prewar levels last week, according to research firm Kpler.
- Despite rising exports, The Wall Street Journal warned Iran's loss of de facto control over the Strait could increase the risk of military escalation as the country faces potential fuel shortages.
- President Donald Trump rejected an Iranian proposal on Saturday to reopen the Strait, while indirect mediation talks involving Qatar and Iranian Foreign Minister Abbas Araghchi continued without a breakthrough on Monday.
28 Articles
28 Articles
Iran's stranglehold on the Strait of Hormuz continues to erode — and crude oil exports are rebounding
Crude oil exports in the Middle East rebounded in September as the Iranian regime continued to lose its control over the Strait of Hormuz.Nineteen very large crude oil carriers carrying about 38 million barrels exited the strait just last week, according to data from a Kpler report on Monday.'You are preventing them from getting access to money that they will use to try and kill Americans and others around the world and their own people.'The rep…
Surge in Middle East Oil Exports Amid Decline of Iran's Influence
Recently, crude oil exports from the Middle East have surged to their highest levels since the U.S.-Iran conflict escalated in February. This rebound reflects a shifting dynamic in the region.
Middle East Exports Rebound As Iran's Chokehold On Strait Of Hormuz Falters
Middle East crude oil exports rose this month to their highest monthly level since the conflict since the U.S.-Iran conflict began on February 28. Preliminary tracking data from Kpler put regional shipments at 16.3 million barrels per day. That figure remained about 3.2 million barrels per day below the 19.5 million barrels per day recorded […]
The US Navy Just Pulled Off a Strategic Master Stroke in the Strait of Hormuz — the World’s Most Important Waterway May Never Be the Same
Oil is moving through and around the Strait of Hormuz again, at close to the rate it did before the war, as the Navy and its Gulf partners get better at pushing tankers past Iranian attacks. But the reprieve may not hold: the president has told staffers he expects the bombing to resume once the midterms are over, and Iran has its own reasons to escalate first.
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