Persian Gulf crude exports recover to 75% of prewar levels after US-Iran peace deal reopens the Strait of Hormuz, but full supply recovery may not come

Iran is rushing to evacuate barrels it wasn’t able to push past the U.S. blockade over the past two months.

Country's exports rise from 1.9 million barrels per day in March to 4.3 million barrels per day this month

Energy experts estimate output to rebound within weeks, but it may take months to rebuild shipping confidence and repair damaged energy assets.

The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to "moderate."

The Strait of Hormuz reopened after a nearly four-month closure, potentially releasing 93 million barrels of stranded crude into global oil markets.

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

The Strait of Hormuz is slowly recovering its business after more than 100 days of disruption, with tankers once again flowing through the key passage. As the corridor is all set…

Brent crude oil prices drop to pre-war levels as US-Iran peace boosts oil flows. Strait of Hormuz traffic normal by end of June at 5.2% YES.

With the U.S.-Iran agreement appearing to hold, oil prices continue their fall as more ships start moving in and out of the Persian Gulf.

Oil prices have retreated to levels last seen before the start of the war in the Middle East as the crucial Strait of Hormuz reopens gradually and vessel...

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…

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is…

Oil prices return to pre-war levels as traffic through the Strait of Hormuz rebounds. Traffic normal by June at 12% YES.

Vessel crossings in the Strait of Hormuz surged 105% after the US-Iran peace deal. Traffic normalization by July 15 at 51% YES.

Persian Gulf crude exports recover to 75% of prewar levels after US-Iran peace deal reopens the Strait of Hormuz, but full supply recovery may not come