11 Hrs
الاقتصادية
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الاقتصادية

2026-11-10T06:10:42.990Z

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Hormuz Flows Ease Markets

Hormuz Flows Ease Markets

Shipments of refined petroleum products loaded in the Gulf rose to around 3 million barrels per day in October, up from about 1 million barrels per day in May. Most passed through the Strait of Hormuz, potentially easing the global supply squeeze to some extent. However, volumes remain around half their pre-war levels: petroleum product exports are at roughly 35% to 40% of previous levels, compared with 80% to 85% for crude exports. The shipments include diesel, naphtha and liquefied petroleum gas, while continued risks to refineries and the priority of meeting domestic demand are limiting the recovery.

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