UAE oil exports have significantly rebounded, reaching almost 85% of pre-conflict levels by early June. The nation utilized alternative routes, storage, and strategic shipping to overcome Gulf tensions, increasing exports from 1.9 million barrels/day in March to 4.3 million in early June.
UAE oil chief Sultan Al Jaber warns full oil flows through the Strait of Hormuz may not resume until Q1-Q2 2027, even if the Middle East conflict ends now. The crisis has led to price surges and fears of global economic downturn.
Oil prices surged Tuesday as Iranian-linked attacks and military clashes heightened fears of disruption in the Strait of Hormuz. Brent crude rose 6% to $114.44 a barrel, while WTI settled 4% higher at $106.42. The Fujairah Oil Industry Zone was struck by a drone, with Emirati officials blaming Iran.
The UAE's daily production is projected to reach 5 million barrels by 2027
