Gulf crude exports top 14M barrels a day for first time since Iran War began, about 80% of pre-war levels, as Hormuz transit costs hit $1.3M

Persian Gulf crude exports topped 14 million barrels per day last week, the first time since the Iran War began, recovering to roughly 80% of pre-war levels. Crude is re-entering the market at record shipping costs: tanker transit through the Strait of Hormuz now costs about $1.3 million, up from $50,000 pre-war.

Detected & updated continuously · Source: Nebula