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Story summary
- Saudi Arabia and other Gulf states exported 24.6 million barrels per day, surpassing pre-war 23.3 million bpd.
- United Kingdom Maritime Trade Operations (UKMTO) reported at least 12 vessel attacks in the Strait of Hormuz last week.
- About 40 % of non-Iranian Gulf crude bypassed the Strait in September, up from 17 % pre-war.
- Shipping rates rose as vessels detoured around Hormuz, tightening available ship supply while Brent hovered near $109.