Kuwait and Qatar join "shuttle shipping," oil flows through the Strait of Hormuz rebound to about three-quarters of pre-war levels

智通财经2026/08/27 05:51

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(1) The oil-producing countries of the Persian Gulf, Kuwait and Qatar, are increasing crude oil shipments through the Strait of Hormuz. The combined export volume of the two countries has recovered to about 70% of the pre-war level with Iran, approximately 2 million barrels per day. (2) Traders report that currently about 7 million to 8 million barrels of oil are shipped out daily via the Strait of Hormuz, which is higher than the roughly 4 million barrels per day in mid-July and represents about three-quarters of the pre-war level. Data from Vortexa on Monday shows the volume is close to 10 million barrels per day. (3) The United Arab Emirates was the first to resume large-scale exports, adopting a "shuttle transportation" method with ship-to-ship transfers in the Gulf of Oman, followed by Saudi Arabia. Kuwait and Qatar joining this time has further boosted oil shipment volume through this waterway.

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