Gulf oil exports surged past 10 million barrels daily in June, a significant jump from May, thanks to US military efforts securing the Strait of Hormuz. The UAE spearheaded this recovery, enabling millions of barrels to reach global markets and helping to stabilize oil prices. Despite this rebound, exports remain considerably lower than pre-conflict levels.

Oil exports through Hormuz fell to one-third of pre-war levels in June. WTI reaching $110 in July 2026 at 1.7% YES.

UAE restores oil exports to pre-war levels despite Hormuz blockade. Traffic normalization by July 31 at 30.5% YES.

Exports recover as regional shipping disruptions continue to ease