Middle East crude oil exports rise above pre-war levels but tanker attacks increase
Crude oil exports from the Middle East exceeded pre-war levels in four of the seven days of the final week of September despite attacks on vessels passing through the Strait of Hormuz, according to provisional data from ship-tracking firm Kpler.
Middle East crude oil exports surpassed their levels prior to the US-Iran war during the final week of September, according to data from ship-tracking firm Kpler. Despite attacks on vessels traversing the Strait of Hormuz, exports on September 24 and between September 27 and 29 averaged 18 million barrels per day (bpd). Specific figures ranged from 19.5 million bpd to 22.5 million bpd.
This marked the first time since March 2025 that Middle East crude exports exceeded pre-war levels. West Texas Intermediate (WTI) oil prices dropped 1.23% on the day, closing at $89.25. WTI, a high-quality crude, is a benchmark for the global oil market and is traded primarily in US dollars. The value of the US Dollar, geopolitical tensions, OPEC decisions, and changes in oil inventories all play significant roles in determining WTI oil prices.
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