Crude oil exports from the four major Middle Eastern oil-producing countries largely returned to pre-war levels in October
Bloomberg's aggregated tanker tracking data showed that combined crude oil exports from Saudi Arabia, the UAE, Iraq, and Kuwait in October increased by approximately 10% month-on-month, returning to levels seen before the February conflict. The report also noted that Brent and WTI fell by about 7% on Monday amid rising supplies and expectations for US-Iran negotiations.