27-June-2026
Corporate News
 
Middle East fuel oil exports hit four-month high as Hormuz shipping gradually recovers
27-Jun-2026

Middle Eastern fuel oil exports are set to rebound to a four-month high in June as Iraq and Saudi Arabia rerouted supplies through alternative ports while shipments through the Strait of Hormuz gradually resume following the US-Iran interim peace agreement, Reuters reported citing trade sources and shipping data. Exports from the region are expected to reach about 2.4 million metric tonnes (508,000 barrels per day) this month, more than 20% higher than in May, according to Kpler and LSEG data cited by Reuters. However, shipments remain well below the pre-conflict monthly average of 5.5-6 million tonnes.

News Source:- https://timesofindia.indiatimes.com/business/international-business/middle-east-fuel-oil-exports-hit-four-month-high-as-hormuz-shipping-gradually-recovers/articleshow/131991296.cms