Gulf oil exports exceed pre-war levels despite Hormuz attacks

Gulf oil exports reached 24.6 million bpd in the week ending 18 October, surpassing pre-war levels of 23.3 million bpd, according to Kpler data. This resilience challenges Iran's efforts to control the Strait of Hormuz and comes amid threats of further US-Israeli attacks. The data suggests market supply remains robust despite ongoing conflict, though the sustainability of this trend is uncertain.

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