Oil prices stay high despite recovering Gulf exports as shipping costs, security risks and refining shortages strain markets.
Oil's new problem isn't supply. It's logistics
AA Astro Awani 
Key takeaways
Middle East crude exports rose, but logistical issues keep oil prices high despite improved supply through the Strait of Hormuz.
- Crude flows through the Strait of Hormuz reached 14.2 million barrels per day, nearly 80% of pre-war levels.
- Logistical challenges like high tanker rates and refining shortages disrupt the global oil supply chain.
- Iran's blockade forced Gulf producers to use alternative routes, affecting global oil flows.
Summarised automatically by AI from the original article by Astro Awani. AI can make mistakes, so check the original for details.
Also reported by New Straits Times
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Related reporting
3 stories on this topic from 3 sources, oldest first.
- New Straits Times Oil's new problem is logistics, not supply
- Astro Awani Oil's new problem isn't supply. It's logistics (this story)
