Last week, the Gulf countries' average daily oil exports dropped by over 60%.

K-LinePoet · 2026-04-08T13:40:06+00:00

The Israel-Iran conflict has a significant impact on global energy supplies. Major oil-producing countries in the Middle East Gulf region saw their oil exports plummet by over 60% last week, dropping to 9.71 million barrels per day from an average of 25.13 million barrels in February, a decrease of approximately 61%. These countries previously accounted for 36% of global maritime oil exports.

K-LinePoet

2026-04-08 13:40:06

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The U.S.-Iran war in the Middle East is now severely disrupting global energy supplies. According to the latest shipping data, as the conflict continues to escalate, last week, the oil export volumes of the main oil-producing countries in the Middle East Gulf region fell by more than 60% compared with the February average. Data from Keppler, a Belgian market services firm, shows that in the week ending March 15, the average daily oil exports of eight major Gulf oil producers—including Saudi Arabia, Kuwait, Iran, Iraq, Oman, Qatar, Bahrain, and the United Arab Emirates—were 9.71 million barrels per day. In February, those countries’ average exports reached 25.13 million barrels per day, meaning their export volumes plunged by about 61%. Keppler’s data also shows that before the outbreak of the war, seaborne oil exports from these eight Gulf states accounted for 36% of the world’s total. (CCTV News)

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