Gulf Oil Exports Briefly Recovered to Pre-War Levels Before Latest Escalation

Crude oil and condensate exports from the Persian Gulf rose to pre-war levels in the first half of July, data from Kpler and Vortexa shows, as cited by Reuters, reaching between 12 and 13. 6 million barrels daily.

The recovery is unlikely to last, however, as traffic via the Strait of Hormuz once again slows to a trickle amid the renewed hostilities between the United States and Iran.