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US Oil, Gas Exports Surge as Iran Conflict Disrupts Supply

4/25/2026

Summary

U.S. Exports Surge

U.S. oil and gas exports hit all-time highs as Iran's conflict disrupted supply, with 60 supertankers—three times pre-war levels—heading to the United States.
U.S. crude shipments total 12.9 million barrels per day while LNG exports hit record volumes.
The Strait of Hormuz closure shifted Asian and European buyers toward U.S. oil and gas.
Polymarket odds fell to a 1.7 % chance of a crude all-time high by April 30, down from 2 %.

Summary

U.S. Fills Gap

The United States is filling the oil gap left by the Strait of Hormuz closure, which supplies about 10% of global oil.
Asian refineries would need costly upgrades to process lighter U.S. crude.
The Gulf Coast is nearing its throughput limit, so export growth will wait for new terminals in 18-24 months.
Europe is leaning on U.S. LNG to top up storage, raising warnings about swapping one dependency for another.

Summary

U.S. Export Boom

Global energy markets are shifting toward stable, non-conflict sources, raising confidence in U.S. crude exports.
The U.S. Energy Information Administration said weekly crude exports rose by 137,000 bpd to a record 12.88 million bpd for the week ended April 17.
Kpler projects average U.S. crude exports of 5.48 million bpd in May, indicating continued upward momentum.
Asia’s oil imports fell to an estimated 14.8 million bpd this month from 24.87 million bpd in February, a drop of roughly 10 million bpd.

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U.S. Exports Surge

U.S. oil and gas exports hit all-time highs as Iran's conflict disrupted supply, with 60 supertankers—three times pre-war levels—heading to the United States.
U.S. crude shipments total 12.9 million barrels per day while LNG exports hit record volumes.
The Strait of Hormuz closure shifted Asian and European buyers toward U.S. oil and gas.
Polymarket odds fell to a 1.7 % chance of a crude all-time high by April 30, down from 2 %.

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