Middle East Oil Exports Surge to Post-War Highs Amid Persistent Diesel Bottleneck

Crude oil exports from the Middle East surged in September to their highest levels since the war with Iran began, indicating increased supplies despite ongoing shipping attacks in the Strait of Hormuz. However, a persistent global refinery bottleneck continues to drive diesel prices to record highs in the European Union and United States. This dynamic suggests a complex energy market where increased crude supply is offset by refining constraints, potentially sustaining global inflationary pressures which could influence the US dollar and, consequently, gold prices and the PKR.

بحوالہ / Source: oilprice.com