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Persian Gulf oil flows surpass pre-war levels

FinanceInternationalLe Grand Continent40 s readAI summary
Image: Le Grand Continent

According to Kpler data, oil flows from the Middle East last week surpassed their pre-war level: more than 24 million barrels per day were exported, compared with 23.3 million before the conflict with Iran. Analysts attribute this to US military escorts for merchant ships, the use of shuttle tankers and routes alternative to the Strait of Hormuz, such as the Saudi East-West pipeline. Sources say Iran would export part of its crude via the United Arab Emirates. Brent neared $110 per barrel.

In 40 seconds

  • Middle East crude flows exceeded 24 million barrels per day, versus 23.3 million before the war, according to Kpler
  • US naval escorts, shuttle tankers and the Saudi East-West pipeline explain part of the increase
  • Iran would export part of its oil through the United Arab Emirates, according to cited sources
Read the full story at Le Grand Continent

IASummary generated by artificial intelligence from a story by Le Grand Continent. It may contain errors: the original source prevails.

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