Middle East oil exports recover to pre-war levels

Oil exports from Middle Eastern countries, excluding Iran, reached their highest levels pre-war last week, despite attacks on tankers in the Strait of Hormuz. Weekly flows of Gulf and Iraqi oil through the strait increased for several consecutive days, surpassing the pre-war average of 18 million barrels per day. Additionally, exports via the Red Sea increased to bypass the Strait of Hormuz, which Iran claims to control, while Washington maintains a naval blockade on Iranian ports.

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