SignalGeopolitics
Middle East oil exports surpass pre-war levels despite tensions, data shows
Middle East oil exports surpass pre-war levels despite tensions, signaling supply resilience.
Context
What happened: Kpler provisional data showed Middle East crude exports above pre-war levels on four of seven days in the last week of September, while IRGC commander Ali Fadavi said only three to four million bpd are moving through the route.
Key numbers: Exports reached 19.5-22.5 million bpd on September 24 and September 27 to
Why it matters: Fadavi dismissed current traffic as negligible versus pre-war levels, and Iran's negotiator said the Strait of Hormuz would stay closed until the US accepts Tehran's seven-day reopening plan. UKMTO reported at least one attack a day since October 2.
What changed
Kpler provisional data showed Middle East crude exports above pre-war levels on four of seven days in the last week of September, while IRGC commander Ali Fadavi said only three to four million bpd are moving through the route.
Why it matters
Fadavi dismissed current traffic as negligible versus pre-war levels, and Iran's negotiator said the Strait of Hormuz would stay closed until the US accepts Tehran's seven-day reopening plan. UKMTO reported at least one attack a day since October 2.