Gulf OilExports and Strait Activity
Oil exports from Gulf countries, excluding Iran, returned to near pre-war levels in September, with approximately 16.5 million barrels per day leaving the region that month. Of these, about 60% transited through the Strait of Hormuz, compared to 83% before the war. However, maritime traffic has not fully regained its previous pattern, as shipping related to Iran was limited to just one vessel flying the Iranian flag. Data also showed that Iran's exports have not experienced significant recovery. Additionally, the shipping of oil has become more reliant on shuttle tankers, and shipping routes have shifted, with increased use of alternative passages such as the Gulf of Oman and the Red Sea. Despite the recovery in oil exports, liquefied natural gas (LNG) transportation remains in a slow recovery phase, with continued dependence on tankers passing through the Strait of Hormuz. September recorded the highest number of LNG shipments since the outbreak of the war, yet transport levels have not yet returned to pre-war figures.
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