Crude oil and petroleum product exports from the Persian Gulf have recovered to approximately two-thirds of pre-war levels following the Middle East conflict, helping limit the geopolitical fallout on global crude prices.
Sea-news.az reports that this assessment was released by leading U.S. investment bank Goldman Sachs.
Total crude and product exports from the region have climbed to 15–16 million barrels per day (bpd), driven by a partial resumption of transit through the Strait of Hormuz.
While current figures remain 7–8 million bpd below pre-conflict averages, they represent a significant recovery from the dramatic lows of 5–6 million bpd recorded in March.
Current throughput aligns closely with U.S. official projections estimating daily transits through the strait at 8–10 million barrels.
