Gulf oil exports rebound despite Hormuz risks as producers race to regain market share and ease global supply shortages.
Battle for Mideast oil market share has already begun
AA Astro Awani 
Key takeaways
Middle East oil producers are competing to regain market share lost during the Iran war, with exports rising as Hormuz traffic recovers.
- Iran's blockade of Hormuz disrupted oil exports, forcing producers to find alternative routes.
- Crude exports through Hormuz have reached 80% of pre-war levels, with total exports exceeding pre-war averages.
- Despite risks and costs, Gulf producers are prioritizing exports to rebuild customer relationships.
Summarised automatically by AI from the original article by Astro Awani. AI can make mistakes, so check the original for details.
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