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

Bloomberg Markets Tuesday 23 June 2026, 22:19 UTC By Julian Hast 1 min read

Key Points

TEESSIDE, ENGLAND - MARCH 09: The ‘Tavistock Square’ crude oil tanker, leaves the ConocoPhillips oil terminal after loading on March 09, 2026 in Teesside, England. Global oil prices have risen to their highest levels since 2022 following an escalation of the US-Israel war with Iran. Brent crude, the international benchmark, surged past the $100 psychological threshold. Liquid Natural Gas (LNG) prices have also seen a 50% increase since the US and Israel attacked Iran. The war has effectively closed the Strait of Hormuz which sees over a fifth of the global oil and LNG trade pass through narrow gulf. (Photo by Ian Forsyth/Getty Images) Photographer: Ian Forsyth/Getty Images Europe

UAE Oil Exports Surge (ORG) Pre-War Levels (EVENT) IEA (ORG) TEESSIDE (PERSON) ENGLAND (LOCATION) The ‘Tavistock Square’ (ORG) ConocoPhillips (ORG) US (LOCATION) Israel (LOCATION) Iran (LOCATION) Brent (PERSON) LNG (ORG) the Strait of Hormuz (LOCATION) Ian Forsyth (PERSON)

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

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