Middle East Oil Exports Rebound to 12.8M bpd, Highest Since War Start

Middle East oil exports rose to 12.8 million barrels per day in September, the highest since the war with Iran began in February, as partial resumption of Strait of Hormuz traffic boosts flows. However, exports remain over 6 million bpd below pre-war levels, indicating persistent supply disruption. The partial recovery suggests easing of immediate conflict-related shipping risks, but the gap underscores ongoing fragility in global oil supply.