# Middle East Oil Flows Far from Normal Despite Signs of Oversupply

> 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.

- Date: 2026-11-11 · published 2026-11-11T03:10:15.088Z
- Category: logistics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/92807-middle-east-oil-flows-far-from-normal-despite-signs-of-oversupply
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-05-22 | [Suez Canal suffers double blow from pandemic, collapse of oil prices \| Mohamed Hammad \| AW](https://feedsoft.ai/events/53022-suez-canal-suffers-double-blow-from-pandemic-collapse-of-oil-prices-mohamed.md) | -1.9% | +19.3% |
| BRENT | 2021-03-26 | [Ringgit falls as oil slumps due to Suez Canal blockage](https://feedsoft.ai/events/48388-ringgit-falls-as-oil-slumps-due-to-suez-canal-blockage.md) | +4.5% | +7.1% |
| BRENT | 2025-02-17 | [Kurdistan region's oil exports to resume next week, Iraqi minister says](https://feedsoft.ai/events/26234-kurdistan-region-s-oil-exports-to-resume-next-week-iraqi-minister-says.md) | -0.4% | -4.9% |
| BRENT | 2025-11-17 | [Oil prices ease after loadings resume at Russian export hub \| Reuters](https://feedsoft.ai/events/22107-oil-prices-ease-after-loadings-resume-at-russian-export-hub-reuters.md) | -2.0% | -3.6% |
| BRENT | 2020-05-27 | [Shipping companies opt for Cape of Good Hope route more often](https://feedsoft.ai/events/53026-shipping-companies-opt-for-cape-of-good-hope-route-more-often.md) | +10.2% | +21.8% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Crude-Oil/Middle-East-Oil-Flows-Far-from-Normal-Despite-Signs-of-Oversupply.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.