Saudi Arabia's oil exports approach pre-war levels

Golden Ten Data reported on July 2 that since Saudi Arabia resumed tanker loading and unloading operations within the Persian Gulf, its crude oil exports have soared to near pre-war levels. This further demonstrates that, following the temporary peace agreement between the US and Iran, oil supply from producing countries in the region is recovering. According to tanker tracking data compiled by Bloomberg, in the six days leading up to Wednesday, Saudi Arabia—the world's largest oil exporter—had an average daily crude oil shipment volume of 6.3 million barrels. This transport volume is roughly in line with the average level in 2025, and nearly 90% of the February figure. In February, prior to the outbreak of war in Iran, Saudi Arabia and its Gulf neighbors had significantly increased oil supply.