Gulf oil exports jump in June on record UAE flows

TL;DR

By Ahmad Ghaddar, Jonathan Saul and Nerijus Adomaitis LONDON, July 3 (Reuters) - Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing through the Strait of Hormuz, data showed, though exports remained 40% below pre-war levels. The United Arab Emirates led the recovery, allowing millions of barrels of crude stranded in the Gulf to reach international markets, enabling producers to raise output and lower oil prices to pre-conflict levels.