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Persian Gulf oil exports near pre-war levels but prices stay high amid conflict risks.

Market News
21 Oct 2026
Market Watch
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Neutral
Persian Gulf oil exports near pre-war levels but prices stay high amid conflict risks.

Oil exports from the Persian Gulf have almost returned to levels seen before the Iran war, reaching within 10% of early 2026 volumes. This recovery includes crude shipments from Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the UAE, and Oman. Despite this near-normal flow, oil prices remain elevated around $108.82 per barrel due to ongoing concerns about potential new conflicts in the region. Traders remain cautious as geopolitical tensions could disrupt supply again, keeping prices high in the near term.

Oil flow from the Persian Gulf is nearing pre-Iran war levels. For readers following energy markets, here is Pluang's snapshot as of Oct 22, 2026 03:02 WIB: out of 79 priced Energy-sector US stocks, 54 rose and 24 fell today. Notable movers include Cameco (CCJ) at USD 82.49 with a 1-day change of +2.46% and Ecopetrol SA (EC) at USD 17.25 with a 1-day change of -2.43%.

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