Middle East oil exports exceeded pre-Iran war levels last week
Shipping data shows crude oil exports from the region, excluding Iran, reached pre-war levels in September, with at least 16.5 million barrels shipped.
Middle East oil exports, excluding Iran, reached pre-war levels last week, according to data from maritime tracking firm Kpler. For the first time since the US and Israel launched their offensive against Iran in early March, weekly average shipments surpassed the pre-conflict average of 18 million barrels per day. In September, crude oil exports hit the pre-war level of 16.5 million barrels, with 40% of the oil now avoiding the Strait of Hormuz.
Most of the oil is now flowing through Saudi and United Arab Emirates pipelines, with a significant portion passing through the Red Sea, a route increasingly utilized to circumvent the Iranian blockade. Despite Iran's claim of control over the strait, more ships are successfully navigating through and utilizing alternative routes.
The US counterblockade of Iran's ports continues to limit the country's exports, while Saudi Arabia benefits from the reactivation of its East-West pipeline, allowing it to bypass Hormuz. The United Arab Emirates also enjoys the same advantage through its pipeline linking Abu Dhabi's fields to Fujairah.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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