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البلاد
Middle East oil exports persist amid Strait tensions
Data shows that oil and gas exports from the Middle East continue despite the tensions experienced in the Strait of Hormuz, with shipping operations ongoing despite recent attacks on commercial ships and renewed clashes between the United States and Iran. This is attributed to the resumption of talks that led to a halt in hostilities, helping to ease concerns about supply flows, as oil and gas carriers continued their voyages to global markets. This continuation of exports has alleviated pressure on global oil prices, with Brent crude declining by 10.6% last week and regaining some of its losses.
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