Kuwait and Qatar are raising crude shipments via the Strait of Hormuz, aiding a rebound in waterway flows. Traders say the two producers together exported about 2.0m bpd before the Iran conflict and are now at roughly 70% of that level (~1.4m bpd). The UAE was first to resume large-scale Hormuz exports using ship-to-ship transfers in the Gulf of Oman; Saudi Arabia has since joined. Traders estimate roughly 7–8m bpd currently transits the Strait, up from about 4m bpd in mid-July and about three-q

Kuwait and Qatar are raising crude shipments via the Strait of Hormuz, aiding a rebound in waterway flows. Traders say the two producers together exported about 2.0m bpd before the Iran conflict and are now at roughly 70% of that level (~1.4m bpd). The UAE was first to resume large-scale Hormuz exports using ship-to-ship transfers in the Gulf of Oman; Saudi Arabia has since joined. Traders estimate roughly 7–8m bpd currently transits the Strait, up from about 4m bpd in mid-July and about three-quarters of pre-conflict volumes. Vortexa said on Monday flows via the waterway were approaching 10m bpd.