EconomyGulf crude exports jump in July but shipments slow as hostilities resume, data shows
Shipping data indicates that Gulf countries increased crude oil and condensate exports during the first half of July. Volumes reached their highest level since before the Iran war began in late February. However, shipments through the Strait of Hormuz are now slowing as the fighting intensifies. The renewed hostilities are disrupting the pace of regional energy flows.
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Gulf crude exports jump in July but shipments slow as hostilities resume, data shows
Economy