Gulf Oil Exports Surpass Prewar Levels Amid US-Iran Tensions
Persian Gulf oil exports have risen to 24 million barrels a day, exceeding prewar levels despite ongoing US-Iran tensions. Tankers are rerouting and relying on US naval protection to secure crude supplies. However, reduced traffic through the Strait of Hormuz has increased transportation costs, causing oil prices to surge and market volatility to rise.
TOI Business·




