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24 million barrels a day: Gulf oil flows surge past prewar levels despite US-Iran war

Amidst ongoing threats to shipping, Persian Gulf oil exports have rebounded beyond prewar figures. Tankers are cleverly rerouting and seeking US naval protection to safeguard crude supplies. Nevertheless, traffic through the Strait of Hormuz has diminished, contributing to increased transportation costs. This complex scenario has led to surging oil prices and a volatile market landscape.

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Times of IndiaLean R·3h ago
24 million barrels a day: Gulf oil flows surge past prewar levels despite US-Iran war
Amidst ongoing threats to shipping, Persian Gulf oil exports have rebounded beyond prewar figures. Tankers are cleverly rerouting and seeking US naval protection to safeguard crude supplies. Nevertheless, traffic through the Strait of Hormuz has diminished, contributing to increased transportation costs. This complex scenario has led to surging oil prices and a volatile market landscape.
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24 million barrels a day: Gulf oil flows surge past prewar levels despite US-Iran war

How 1 sources are covering this

24 million barrels a day: Gulf oil flows surge past prewar levels despite US-Iran war

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