Americas Overtake Middle East as Asia's New Oil Supplier
The Iran conflict has disrupted global oil supply routes through the Strait of Hormuz, prompting Asian importers to seek alternative sources. As a result, oil producers in the Americas have seen an increase in exports and market share previously held by Middle Eastern suppliers.
According to recent data, crude exports from the Americas reached a record average of 11.7 million barrels per day in 2026, up from 10.3 million barrels per day in 2025. The US remains the largest exporter in the region, followed by Brazil.
The expansion of US shale production over the past decade has been a key driver of this shift. This growth has not only increased the amount of crude available for export but also given Washington greater influence in global energy markets.