U.S. Crude Exports Reach Record High in May Amid Iran War Disruptions

In May 2026, U.S. crude exports hit a record high of 5.6 million barrels per day due to increased demand from Asian and European refiners amid the Middle East crisis triggered by war between the U.S., Israel, and Iran. The conflict disrupted global oil supplies through the Strait of Hormuz, leading to higher Brent prices compared to WTI.

By By Arathy Somasekhar and Georgina McCartney Mon, June 1, 2026 at 9:00 PM GMT+3 4 min read · Yahoo Finance · June 1, 2026, 18:00 UTC

Topics: crude exports global oil supply Middle East crisis WTI vs Brent pricing

Read the full article at Yahoo Finance

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