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Oil exports from the Middle East, excluding Iran, exceeded their pre-war average last week, Kpler data showed, as pipelines helped bypass the Strait of Hormuz despite continued attacks on shipping.View on euronews
Investing.com -- Middle East oil exports are recovering toward pre-war levels, but soaring freight costs, tanker shortages and disruption around key shipping routes are keeping pressure on the market, according to PVM Oil Associates, part of TP ICAP Group.
Global oil prices fell on Monday, October 5, 2026, with Brent crude sliding roughly 1% to intraday lows around $101.18 a barrel.