Middle Eastern fuel oil exports are set to rebound to a four-month high in June as Iraq and Saudi Arabia rerouted supplies through alternative ports while shipments through the Strait of Hormuz gradually resume following the US-Iran interim peace agreement, Reuters reported citing trade sources and shipping data.

Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners,…

UAE oil exports surged to 4.3 million bpd in early June 2026, reaching 85% of pre-war levels as ADNOC's bypass pipeline and post-OPEC flexibility drive