Saudi Oil Exports Hit Wartime High as Hormuz Shipments Jump

Saudi Arabia's oil exports have climbed to their highest level since the start of the Iran war, driven by increased shipments through the Strait of Hormuz. The rise marks a sharp reversal for a route that has been a focal point of global supply fears. Hormuz is a narrow waterway at the mouth of the Persian Gulf. Roughly one-fifth of the world's oil passes through it. The kingdom has ramped up flows through the strait in recent weeks. The increase pushed total exports to their highest point since the conflict began. The development matters for global energy markets. Any disruption at Hormuz can raise oil prices worldwide within days. It remains unclear whether the higher volumes will hold. Traders are watching the strait closely for signs of further escalation.