Middle East oil exports rebound above pre-war levels despite Hormuz attacks
Middle East oil exports, excluding Iran, have exceeded pre-war levels for the first time since the conflict began, according to data from maritime tracking firm Kpler. The weekly average of shipments rose above the pre-conflict average of 18 million barrels per day, despite ongoing attacks on ships in the Strait of Hormuz.
This surge in exports marks a significant shift, as the region has faced disruptions due to the US and Israel's offensive against Iran, which started at the end of February. The data indicates that the attacks have not severely impacted the overall flow of oil shipments.
The rise in exports suggests that the shipping industry has adapted to the new security challenges, maintaining crucial trade routes. However, the situation remains dynamic, and future disruptions could still affect oil flows.