Middle East Oil Exports Return to Pre-War Levels Despite Hormuz Attacks

Middle East crude and condensate exports, excluding Iran, returned to their pre-war average in September despite continued attacks on vessels around the Strait of Hormuz. Maritime tracking data showed that at least 16.5 million barrels per day left the region between 1 and 28 September. About 40% of the shipments bypassed Hormuz through pipeline routes in Saudi Arabia and the United Arab Emirates, up from 17% before the conflict. Oil prices remain far above pre-war levels as shipping risks continue. Brent crude traded above $102 per barrel, while US crude was around $90, reflecting persistent disruption and limited alternative export capacity.

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