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US-Iran war: Tehran rejects military solution; Saudi-led coalition backs Yemen offensive against Houthis

Mideast oil exports exceeded pre-Iran war levels: Kpler data Middle East crude exports rose above pre-war levels on four days in the final week of September, reaching up to 22.5 million bpd, Reuters reported, citing Kpler data. Exports averaged 18 million bpd before the US-Israel war on Iran began. The rise came despite increased tanker attacks, including incidents in the Strait of Hormuz and…

US-Iran war: Tehran rejects military solution; Saudi-led coalition backs Yemen offensive against Houthis

Iran's oil exports surpassed pre-war levels, reaching up to 22.5 million barrels per day in late September, despite ongoing tanker attacks, according to Kpler data cited by Reuters. Iranian oil minister Mohsen Paknejad resigned, replaced by the country's top oil executive, Hamid Bovard. President Masoud Pezeshkian had previously accepted Paknejad's resignation due to personal issues, but now accepts his departure.

The Saudi-led coalition reaffirmed its support for Yemen's government, accusing the Houthi militia of attacks and abuses against Yemenis, including forced displacement and child recruitment. The coalition pledged to continue providing operational support to the Yemeni Armed Forces and take measures to protect Saudi Arabia's sovereignty and security.

Oil prices showed mixed movements, with Brent crude topping $102 a barrel and Murban crude reaching $110, while WTI crude and natural gas edged lower.

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