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Market Chatter: Saudi Oil Exports Approach Pre-War Levels Amid Recovery in Hormuz Traffic

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Crude oil exports from Saudi Arabia are approaching pre-war levels amid a resumption of its shipping activity through the vital Strait of Hormuz, Bloomberg reported Thursday.

The country shipped an average of 6.3 million barrels of oil per day in the six days through Wednesday, matching its 2025 average and reaching nearly 90% of its February export levels before the Iran war, the report said, citing ship-tracking data.

Four Saudi oil supertankers, with a cumulative carrying capacity of 8 million barrels, were detected in the Gulf of Oman by ship-tracking systems on Thursday. These were previously detected at the country's main export installations within the Persian Gulf.

The movement of Saudi Arabia's tankers through the crucial waterway indicates the steady normalization of flows through the Persian Gulf following the temporary peace agreement between the US and Iran, the report added.

has reached out to Saudi Aramco for comments. Saudi Arabia's Energy Ministry could not be immediately reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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