Middle East Oil Flows Surge Back to Pre-War Levels

Crude oil flows from the Middle East have almost fully recovered to pre-war levels, according to JPMorgan Chase & Co. and Goldman Sachs Group Inc.

JPMorgan's analysis shows that crude oil shipments have rebounded to 98% of their pre-war levels, while product flows such as diesel and gasoline are at 58%. This indicates a significant increase in oil exports from the region.

Goldman Sachs reported that oil exports from the Persian Gulf reached 23.3 million barrels per day over the last week, which is on par with the 2025 average. This suggests that the region's oil production has largely recovered despite ongoing risks to shipping.