Middle Eastern oil exports rebound amidst tanker attacks
Shipping data showed that oil exports from the Middle East exceeded pre-war levels for four days in the last week of September, despite attacks on ships in the Strait of Hormuz. Exports ranged between 19.5 and 22.5 million barrels per day, with the weekly average rising to 18.5 million barrels per day on October 1st. This includes crossing the strait and exports from ports. Although attacks on tankers, such as the incident involving the Kazima 3 tanker on October 1st, have increased, shipping activity remains vigorous, with an uptick in liquefied natural gas shipments. This reflects a return to high export levels despite ongoing security tensions in the region.
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