# Saudi, Iraq oil output surges as gulf producers adapt to Hormuz risks

> Saudi Arabia and Iraq drove a significant rise in OPEC+ output in October. Gulf producers are continuing oil exports despite risks around the Strait of Hormuz.

- Date: 2026-11-12 · published 2026-11-13T00:18:54.752Z
- Category: macro · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/96750-saudi-iraq-oil-output-surges-as-gulf-producers-adapt-to-hormuz-risks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising Gulf output and continued exports through Hormuz ease supply fears, which is bearish for crude and reduces the energy-cost premium in feed and freight.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -6.2% | +21.0% |
| BRENT | 2026-07-07 | [Oil prices settle at pre-Iran war levels as crude output grows](https://feedsoft.ai/events/18255-oil-prices-settle-at-pre-iran-war-levels-as-crude-output-grows.md) | +16.5% | +21.9% |
| BRENT | 2025-09-29 | [Oil Drops as Iraq Resumes Kurdish Exports, OPEC+ Eyes Output Hike](https://feedsoft.ai/events/23052-oil-drops-as-iraq-resumes-kurdish-exports-opec-eyes-output-hike.md) | -7.5% | -6.8% |
| BRENT | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +0.6% | +4.4% |
| BRENT | 2025-01-26 | [Oil Drops As Trump Urges OPEC To Cut Prices](https://feedsoft.ai/events/26667-oil-drops-as-trump-urges-opec-to-cut-prices.md) | -2.1% | -5.0% |
| WTI | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -5.3% | +15.5% |
| WTI | 2026-07-07 | [Oil prices settle at pre-Iran war levels as crude output grows](https://feedsoft.ai/events/18255-oil-prices-settle-at-pre-iran-war-levels-as-crude-output-grows.md) | +13.9% | +17.6% |
| WTI | 2025-09-29 | [Oil Drops as Iraq Resumes Kurdish Exports, OPEC+ Eyes Output Hike](https://feedsoft.ai/events/23052-oil-drops-as-iraq-resumes-kurdish-exports-opec-eyes-output-hike.md) | -7.3% | -6.4% |

## Sources

- cnbc.com: https://www.cnbc.com/video/2026/11/12/nader-itayim.html

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