Oil exports from the United Arab Emirates recovered to nearly 85% of their pre-war levels in early June, as the country leveraged alternative export routes, storage facilities and shipping strategies to navigate disruptions caused by tensions in the Gulf, Bloomberg reported, citing a report from the International Energy Agency (IEA).
According to the report, UAE oil exports rose to about 4.3 million barrels per day in early June, up from roughly 1.9 million barrels per day in March, shortly after the conflict involving Iran escalated.
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