Hormuz Oil Exports Surge to Highest Level Since US-Israeli War

Oil exports through the Strait of Hormuz have seen a significant increase in September, reaching their highest level since the US-Israeli war with Iran began on February 28. Ship-tracking firm Kpler reported that Middle East oil exports rose to about 12.8 million barrels per day (bpd) in September.

The exports are still below their pre-war levels, however, standing at around 6 million bpd lower than the 18.8 million bpd recorded in February. Oil flows through the waterway are also recovering, with exports on track to reach about 7.4 million bpd in September.

Saudi Arabia has seen a sharp increase in its crude exports, reaching about 5.4 million bpd in September, up from 2.446 million bpd in August. The country's Ras Tanura port also saw an increase in shipments, climbing to about 3.6 million bpd in September, from 929,000 bpd in August.