Gulf oil exports recover to about 80% of pre-war levels as Strait of Hormuz tanker transit costs jump to $1.3M from $50k

Gulf oil exports have recovered to roughly 80% of pre-war levels, but 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, with costs climbing through September and October.

Detected & updated continuously · Source: Nebula