Middle East crude exports hit September peak despite Strait of Hormuz attacks
Crude oil exports from the Middle East reached their highest level in September, the strongest since the war with Iran began, according to a recent report. The increase occurred even as Iranian forces carried out attacks on shipping in the Strait of Hormuz.1
The surge in oil flow suggests that regional supply chains remain resilient despite heightened conflict risk, which could keep demand for fuel stable for airlines operating in and around the region.1
The ongoing attacks on vessels in the Strait of Hormuz may disrupt air traffic over the waterway, potentially affecting flights near nearby airports such as Washington Dulles International Airport and Ben Gurion International Airport.1