West Asia Crude Oil Flows Near Pre-War Levels Despite Ongoing Shipping Risks

The Middle East's oil export arteries are flowing again, according to JPMorgan Chase & Co.

Despite ongoing risks to shipping, crude oil flows from West Asia have rebounded to 98% of pre-war levels, reaching 17.5 million barrels a day on September 29.

This recovery is a remarkable achievement for a region still at war, although it has been uneven, said analysts including Natasha Kaneva in a note.

The global oil market is closely monitoring the volumes of oil and products coming out of the region as the conflict between the US and Iran enters its eighth month.