Saudi Oil Exports Through Strait of Hormuz Hit 6.3 Million Barrels a Day; OPEC+ Nears August Output Hike (Saturday, July 4, 2026)

Saudi Arabia's oil exports through the Strait of Hormuz are nearing pre-war levels. On Saturday, July fourth, twenty twenty six, global oil markets show clear signs of normalizing. Over the past six days, Saudi Arabia has shipped six point three million barrels a day through this route. The kingdom halted much of its Gulf exports back on March ninth, after attacks disrupted shipping. Since that memorandum was signed, nearly thirty four million barrels have moved through Hormuz. A Switzerland brokered deal, mediated by Oman and Pakistan, opened a sixty day window for calmer shipping. OPEC plus is preparing another increase of roughly one hundred eighty eight thousand barrels a day for August. The UAE is routing oil through its Fujairah pipeline, while Iran still holds a narrower American oil license. The group has raised output several times since the Hormuz crisis began, and may repeat that pattern. In one week, exports climbed from a near standstill to six point three million barrels a day. OPEC plus's formal August decision is worth watching in the days ahead. Read the full analysis on Sahmino.