Middle East oil exports surge, but crude prices stay high on supply risks

hindustantimes.com —

Middle East oil exports rose sharply in September, with about 10 million barrels daily moving through the Strait of Hormuz, approaching prewar levels and potentially easing global energy price pressure. The increase follows a US military operation protecting tankers, encouraging exporters like Saudi Arabia and the UAE to resume shipments. However, crude prices remain significantly above prewar levels due to a persistent global supply shortage. Analysts warn the recovery could reverse if Iran escalates attacks, as the strait remains unsafe with 85 ships attacked and 24 mariners killed since the war began. Tracking estimates vary, and oil flows still lag prewar volumes.


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Middle East oil exports surge, but crude prices stay high on supply risks | News Minimalist