Gulf oil exporters saw crude shipments return to pre-war levels throughout September, with an average of 18.6 million barrels per day. However, ongoing tanker attacks and logistical challenges threaten this output. Heightened maritime risks in the Strait of Hormuz raise concerns over potential disruptions to global oil supplies.
Iran has lifted maritime shipping restrictions for Iraq in the Strait of Hormuz, responding to Baghdad’s demands during Iranian Parliament Speaker Mohammad Bagher Ghalibaf’s visit. This decision aims to strengthen ties amid rising tensions following recent U.S. and Israeli military actions against Iran, highlighting the strategic importance of this maritime route.
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