The increase in flows occurs as attacks on vessels in the Strait of Hormuz and the Gulf of Aden intensify. The United Kingdom Maritime Trade Operations agency reported at least one attack a day since Oct. 2, and maritime intelligence firm Marisks tracked seven total incidents, including an Oct. 1 projectile strike on the crude carrier Kazimah III. Before the war began on Feb. 28, the strait typically handled 125 commercial vessels daily and moved 20% of global crude and LNG supply.
Wednesday, October 21, 2026
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Middle East Oil Exports Beat Pre War Levels Despite Daily Tanker Attacks
Commodities16 days ago
A seven-day moving average of crude shipments from the Middle East reached 18.5 million BPD on Oct. 1, surpassing the 18 million BPD average recorded prior to the conflict with Iran. Provisional data from ship-tracking firm Kpler shows that daily exports hit between 19.5 million and 22.5 million BPD on Sept. 24 and between Sept. 27 and Sept. 29. Liquefied natural gas cargoes leaving the Strait of Hormuz also reached their highest monthly volume since February.
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