Middle East crude exports rebound despite Strait of Hormuz attacks
Crude oil exports from the Middle East have rebounded above pre-war levels in recent days, despite ongoing tensions in the region. According to data from ship-tracking firm Kpler, exports surpassed 19.5 million barrels per day (bpd) on September 24 and maintained similar levels from September 27 to 29. This marks a significant recovery from the average of 18 million bpd observed between March 2025 and February this year, before the US-Iran war began.
The resurgence in exports comes amid heightened security concerns, particularly in the Strait of Hormuz, where vessel attacks have increased. Despite these risks, the region's crude oil shipments have proven resilient, demonstrating the critical role of Middle Eastern supply in global energy markets.
At the time of reporting, the West Texas Intermediate (WTI) crude oil price has declined by 1.23% to $89.25 per barrel. This drop may reflect market reactions to the fluctuating export volumes or broader geopolitical uncertainties impacting oil trade routes.