12:18 - 30.09.2026

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September 30, Fineko/abc.az. Crude oil exports from the Middle East are nearing pre-war levels despite ongoing maritime shipping risks, according to separate estimates by JPMorgan and Goldman Sachs.

JPMorgan analysts reported that crude shipments rebounded to 17.5 million barrels per day (mbpd), reaching 98% of pre-war volumes. Flows through the Strait of Hormuz, led primarily by Saudi Arabia, have nearly returned to late-June highs of 13 mbpd.

Goldman Sachs noted that Persian Gulf crude exports, including untracked flows, recovered to 23.3 mbpd. Saudi Arabian exports more than doubled in September, offsetting declines in Iranian shipments. Analysts emphasized that higher vessel transit reflects the industry's adaptability to sustained risk rather than an improvement in security conditions.