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The barrel is back; the delivery is not — Bab el-Mandeb shifts the maritime risk map
Kpler's seven-day moving average of Middle East crude exports was about 18.3mn b/d as of 30 September, and volumes exceeded pre-war levels on 14 days of the month, yet at least seven tanker attacks were logged in the past week and freight on some Middle East–Asia runs spiked from roughly $30,000/day toward $1.2mn/day in the most disrupted cases. Separately, Reuters reports, citing Yemeni government and military sources, that Saudi-backed government forces retook Dhubab district and its airstrip beside Bab el-Mandeb, advanced along the coast toward Mocha and drove Houthis from most of the…
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