Kpler Suspects Gulf Producers Are Paying Iran for Safe Passage
Kpler estimates Middle East crude and condensate exports averaged roughly 16.5 million barrels per day (bpd) in September and exceeded the pre-war average of 18 million bpd on several days during the final week of the month. That recovery has done surprisingly little to bring oil prices back down, a
Source: OilPrice.com
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DW NOTE
Kpler is suggesting that Gulf producers — who need to export through the Strait of Hormuz — are making payments to Iran to secure passage for their tankers. The Strait has been at 1% capacity for seven months; if producers are now getting vessels through, they're paying for the privilege of moving their own oil past a blockade Iran installed. That's not trade facilitation, it's extraction dressed up as logistics.