"Only the United States Has Benefited from the Iran War"... U.S. Energy Exports Hit a Record High

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[Financial News] As the Strait of Hormuz was blocked by the Iran War, the United States' energy exports reached an all-time high.
The Wall Street Journal (WSJ) reported on the 24th, local time, that the United States exported an average of 12.9 million barrels of crude oil and petroleum products per day last week, a record high.
The surge was a windfall from the full blockade of the Strait of Hormuz, a key oil shipping route, because of the Iran War. With imports of Middle Eastern energy cut off, countries in Asia and Europe rushed to buy U.S. crude oil and liquefied natural gas (LNG) as alternatives, driving exports sharply higher.
For Asian countries, which have long depended heavily on Middle Eastern energy, the only way to avoid an immediate energy crisis was to buy U.S. energy and make up the shortfall.
However, energy experts were somewhat cautious about whether this strong performance in U.S. energy exports could continue in the long term even after the war ends.
The biggest reason is the difference in refining infrastructure. Most refineries in Asia were designed to be optimized for processing Middle Eastern crude, so there are clear technical limits to handling large volumes of lighter U.S. crude, which has different characteristics.
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security@fnnews.com Park Kyung-ho Reporter