UAE Oil Exports Surge to 85% of Pre-War Levels, IEA Says

AI Summary

UAE oil exports have rebounded to 85% of pre-Iran war levels as of early June, prior to the signing of an interim peace deal between Washington and Tehran. The recovery was supported by the use of pipelines, storage, and alternative shipping routes according to the International Energy Agency.

Oil exports from the United Arab Emirates in early June recovered to nearly 85% of the country’s pre-Iran war levels — rebounding even before Washington and Tehran inked an interim peace deal as the Gulf nation drew on pipelines, storage and alternate shipping routes, according to a report from the International Energy Agency.