The US, once heavily dependent on Middle Eastern energy supplies, has now emerged as the world's largest oil exporter, according to a Reuters report, citing data from Vortexa.
As US crude oil exports surged to 10.5 million barrels per day in May, amid record high output and the release of strategic oil reserves, it is now ahead of both Russia and Saudi Arabia, at 7 mmbbl/d and 5.9 mmbbl/d, respectively.
With the war in Iran fundamentally reshaping global energy supply chains, the US is now firmly in the lead, with Saudi Arabia's exports dropping from 8.1 mmbbl/d in 2025, due to ongoing disruptions in the Strait of Hormuz.
Meanwhile, the US has seen its exports jump from 6.6 million bpd, during the same period last year, a shift that is expected to weaken the dominance and pricing power, long held by the Organization of Petroleum Exporting Countries and its allies.
At the same time, China, the world's largest importer of crude oil is weaning off its dependence on fuels, with gasoline sales dropping 8% in April and diesel by 6%, from the prior year, amid rising use of electric cars and trucks, according to a Reuters report, citing several industry sources.
This comes as charging volumes by the country's EVs, soared 69% year-over-year, beyond 100 million Kilowatt-hours, according to the China Charging Alliance.
All of this points towards a major and lasting shift in the global energy landscape, as the conflict in the Middle East hurtles past the 100 day mark.