Gulf oil exports recover to pre-war levels amid tensions
after close1 source ↓written by the desknot a recommendation
- in early July
- 12-13.6 million barrels daily
- from June
- 16% increase
- daily average
- 12 million barrels
- Vortexa estimated
- 13.6 million barrels
Crude oil and condensate exports from the Persian Gulf surged to 12-13.6 million barrels daily in early July, a 16% increase from June. However, renewed hostilities between the U.S. and Iran have led to a sharp decline in tanker traffic through the Strait of Hormuz, signaling potential volatility ahead for oil prices. ⚡
• Kpler reported a daily average of 12 million barrels
• Vortexa estimated 13.6 million barrels
• Iraq led the recovery with the largest monthly increase
Not investment advice. For informational purposes only.