Crude exports from Gulf oil producers, excluding Iran, have returned to pre-war levels seven months after the closure of the Strait of Hormuz, reaching at least 16.5 million barrels per day in September, Al Jazeera reports citing maritime data firm Kpler.
Kpler says on social media that the recovery has changed regional oil logistics, with around 40 per cent of crude now leaving without crossing the strait, up from 17pc before the war, as Saudi Arabia and the United Arab Emirates make greater use of pipeline routes.
“Of the crude that crossed the Strait of Hormuz in August, more than 70pc changed tankers offshore,” Kpler states. “The volumes have recovered, but through a fundamentally different export system.”