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Geopolitics · ▲ Bullish · 2 sources confirmed · 2026-09-28 21:09 UTC

Persian Gulf oil exports hit 72% of prewar levels — as US says Iran is 'exhausted' by blockade

Why now

Thesis: Gulf supply normalization cools oil risk premium

Catalyst to watch: Blockade status and Iran negotiations

Main risk: Conflict re-escalation could reverse flows

Why it matters

Persian Gulf exports recovering to 72% of prewar levels with Iran 'exhausted' by blockade eases supply-risk premium in crude.

Related assets & topics

Oil

Sources

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