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Middle Eastern crude exports and flows through the Strait of Hormuz have recovered close to pre-war levels, contributing to concerns that oil oversupply is building and pushing Brent lower. However, war-related insurance premiums and record tanker rates have raised crude transportation costs as high as $30 per barrel, far above pre-war levels.
Recovering exports and weaker demand pressure crude benchmarks, but elevated freight and insurance costs can keep delivered energy costs high for buyers. The diverging pressures leave feed supply-chain transport costs exposed even as crude prices soften.
oilprice.comTsvetana ParaskovaNov 11, 2026After 36 past logistics events, Crude Oil (Brent) moved a median +0.2% over 5 sessions (50% higher; middle half -4.6% to +3.2%), and +1.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
