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Gulf Oil Exports Rebound Despite Iran War
Oil volumes moving out of the Persian Gulf have recovered to about two-thirds of the typical levels from before the Iran war, Goldman Sachs says, noting that the jump in exports could cap oil prices even if the Middle East conflict drags…
AI Summary
Oil volumes exiting the Persian Gulf have risen to roughly two‑thirds of pre‑war levels, according to Goldman Sachs. The firm notes that total Middle East crude and product exports now total about 15‑16 million barrels per day, which is 5‑6 million barrels per day higher than the March low. This increase could help cap oil prices even if the regional conflict continues.
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