BusinessPhoto: HT WorldPersian Gulf Oil Exports Surpass Prewar Levels Amid Iran Conflict
Oil exports from the Persian Gulf have exceeded prewar levels, averaging over 24 million barrels daily through October 18, supported by a U.S.-protected shipping system amid intense Iranian attacks in the Strait of Hormuz. Hormuz flows averaged 14 million barrels daily, about 82% of prewar levels. Despite high Brent crude prices near $108 per barrel, concerns remain over sustainability and rising costs impacting consumers.
HT World·


