Gulf crude exports recover to 80-85% of pre-war levels; refined products lag at 35%

Middle Eastern crude exports through the Strait of Hormuz, including pipeline shipments, have recovered to 80-85% of pre-war levels, while refined-product exports remain at only 35%. This divergence indicates Gulf producers are prioritizing crude over refined products amid persistent chokepoint vulnerability, despite diplomatic signals suggesting potential de-escalation. The lag in refined products may reflect ongoing security concerns or shifts in refinery operations, with implications for global product supply and refining margins.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works