Saudi Arabia's crude oil exports in September hit the highest level since the outbreak of the Iran conflict.

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智通财经2026/09/27 03:06

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According to data from trade intelligence firm Kpler, despite a sharp escalation in conflict with Houthi forces in Yemen, Saudi Arabia’s crude oil exports have surged significantly this month.
In September, Saudi Arabia's daily crude oil exports reached 6 million barrels, the highest level since the outbreak of the Iran conflict about seven months ago, bringing exports back to the 2025 monthly average level.
Despite being forced to shut down a key east-west pipeline this month due to drone attacks launched from Iraq, Saudi Arabia still managed to increase its crude oil exports.
September’s export volume soared by nearly 80% compared to the 3.4 million barrels per day in August.
According to Kpler data, on Wednesday, the seven-day average of oil exports through the Strait of Hormuz reached 13.2 million barrels per day, compared to about 17 million barrels per day before the Iran conflict disrupted shipping.
Kpler's head of commodities research stated that the surge in Persian Gulf crude exports is partly a result of pipeline outages, but it also suggests that as traffic increases, confidence in transiting the Strait of Hormuz is strengthening.
From a market perspective, the recovery in Saudi exports helps alleviate supply tightness, but volumes through the Strait of Hormuz remain below pre-conflict levels. Ongoing attention is needed on Red Sea and pipeline security as well as changes in the strait’s risk premium.

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Saudi Arabia's crude oil exports in September hit the highest level since the outbreak of the Iran conflict.

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