Middle Eastern crude exports just climbed back to 94% of pre-war levels, even as Iran's exports sit at zero under the US naval blockade. September data from Kpler: → Total Middle East exports hit 16,972 kbpd, up from 10,477 kbpd in August → Persian Gulf exports reached 13,081 kbpd → Red Sea exports came in at 2,224 kbpd The rebound traces back to a Saudi-UAE workaround. After Houthi drone strikes knocked out Saudi's East-West pipeline on September 13, Riyadh rerouted crude that would have shipped from Yanbu back through the Gulf, using ship-to-ship transfers off Oman's Sohar port. Saudi exports through Hormuz jumped to 3.6 million bpd in September, up from about 900,000 bpd in August. UAE exports hit a matching 3.6 million bpd, above its 2025 average. Iran hasn't loaded a tanker at Kharg Island in weeks. Follow for more @MilkRoadStocks