Middle East crude oil exports reached highest level since the Iran war

Middle East crude oil exports reached highest level since the Iran war

Data from Kepler on Monday the 6th of Mehr (September 28) indicates that crude oil exports by major Middle East producers in September reached 16 million 328 thousand barrels per day, which is the highest amount since the beginning of the war between America and Israel against the Islamic Republic at the end of February.

The reason for this increase is the growth in exports from Saudi Arabia and the United Arab Emirates.

According to preliminary data, this increase occurred following the improvement of export conditions through the Strait of Hormuz. It is expected that this month the amount of exported oil will reach more than 9 million barrels per day. According to Reuters news agency, the reason is that Saudi Arabia diverted part of its oil exports from the Yanbu port in the Red Sea to other routes after attacks that hit the country's East-West pipeline.