Middle East crude oil flows recover to 98% of pre-war levels

Crude oil flows from the Middle East have rebounded to 17.5 million barrels a day, reaching 98% of pre-war levels despite regional conflicts, according to JPMorgan.

Product flows such as diesel and gasoline stood at 3 million barrels a day, representing 58% of pre-war levels, while overall figures reached 89% of 2025 levels.

The recovery has been led primarily by Saudi Arabia restoring flows on its East-West pipeline and increased crossings through the Strait of Hormuz.