Gulf Oil Exports Briefly Recover to Pre-War Levels Before Escalation
Crude oil and condensate exports from the Persian Gulf briefly reached pre-war levels in early July, averaging between 12 million and 13.6 million barrels per day according to Kpler and Vortexa data. However, renewed hostilities between the U.S. and Iran have disrupted traffic through the Strait of Hormuz, causing a sharp decline in tanker crossings.
Topics: crude oil prices Iran-US tensions oil exports Persian Gulf Strait of Hormuz