Dire Straits? Not for Gulf oil as flows top prewar mark
Oil shipments from the Persian Gulf have risen above their prewar levels, as a makeshift shipping arrangement backed by the US helps tankers get crude through the Strait of Hormuz despite one of the fiercest waves of Iranian attacks yet.
October 21, 2026 (MLN): Oil shipments from the Persian Gulf have risen above their prewar levels, as a makeshift shipping arrangement backed by the US helps tankers get crude through the Strait of Hormuz despite one of the fiercest waves of Iranian attacks yet. Middle East oil flows, covering Hormuz cargoes and alternative regional routes, averaged over 24mn barrels per day (bpd) in the week ended Oct 18, compared w...