Gulf Oil Flows Recover to 81% of Pre-War Levels in September

Key Facts

1Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September, driven by a recovery in Saudi exports.

2Iranian exports fell to zero due to a US blockade.

Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September. Reuters reported that the recovery was primarily driven by a rebound in Saudi Arabian exports, which helped offset the impact of regional infrastructure attacks and shipping disruptions.

Iranian exports fell to zero due to a US blockade, according to Reuters. While the increased supply from other Gulf producers typically puts downward pressure on global oil prices, persistent geopolitical risks continue to provide a floor for the market.