FacebookTwitterEmailLinkedin Global oil markets remain under pressure despite a recovery in Middle Eastern crude exports, with escalating security risks, soaring tanker freight rates and depleted inventories threatening to prolong supply tightness into 2027, according to the International Energy Agency’s (IEA) October 2026 Oil Market Report. Gulf crude exports rose by 4.4 million barrels per day (mb/d) to 13.9 mb/d in September, recovering to more than 75% of pre-war levels. However, renewed attacks on regional energy infrastructure and tanker traffic are clouding the outlook, while higher transportation costs are pushing up delivered crude prices and squeezing refinery margins. RelatedNews US considers easing sanctions on shadow fleet vessels to curb soaring freight rates Cyprus Shipping Association warns of growing compliance risks on shipping agents var jnews_module_21411167_0_6ad0a476e43f4 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21411167","include_category":"","exclude_category":"","include_author":"","include_tag":"4500,1783,721,1763,2882,239","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext"