CommoditiesMedium•13 October 2026•
1 min read
Gulf Crude Exports Recover to 91% of Prewar Levels Amid Infrastructure Repair Challenges
Key Facts
1Gulf crude and condensate exports recovered to 91% of prewar levels in September, while refined fuel exports remained at just 60%.
2Kpler estimates that a full recovery of regional refinery throughput is unlikely before the second quarter of 2027.
3The Financial Times reported that 24 vessels were struck in the Strait of Hormuz during the two weeks ending October 11.
Gulf crude and condensate exports recovered to 91% of prewar levels in September, Reuters reported. In contrast, refined fuel exports remained at just 60% as ongoing conflict and strikes have severely impaired regional refining and LNG production infrastructure, with some repairs expected to take several years.
The Financial Times reported that 24 vessels were struck in the Strait of Hormuz during the two weeks ending October 11, 2026. While Kpler estimates that a full recovery of regional refinery throughput is unlikely before the second quarter of 2027, GS closed at $893.95 on October 12, 2026, and JPM was trading at $334.67 on October 13, 2026.