Kuwait and Qatar Increase Crude Exports via Strait of Hormuz, Reaching 70% of Pre-Conflict Levels

Odaily News: According to foreign media reports, Kuwait and Qatar, two smaller oil-producing countries in the Persian Gulf, are increasing crude oil shipments through the Strait of Hormuz, further boosting the waterway's oil transport volumes. Traders revealed that before the outbreak of the Iran war, the two countries together exported about 2 million barrels per day, and current exports have recovered to 70% of pre-conflict levels.

The UAE was the first Gulf oil producer to resume large-scale oil exports through the Strait of Hormuz, using a method known as "shuttle transport," conducting ship-to-ship transfers in the Gulf of Oman. Saudi Arabia has since joined in. Traders said that currently, about 7 to 8 million barrels of oil pass through the Strait of Hormuz daily, up from around 4 million barrels in mid-July, equivalent to about three-quarters of pre-war levels. Vortexa said on Monday that oil flows through the waterway are approaching 10 million barrels per day. (Jin Shi)