# Oil futures fall as Persian Gulf exports may have recovered to two-thirds of pre-war levels — retained record

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-08-28 23:15 ingested 2026-08-29 02:42

[original source ↗](https://seekingalpha.com/news/4638032-oil-futures-fall-as-persian-gulf-exports-may-have-recovered-to-two-thirds-of-pre-war-levels?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

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CommoditiesEnergy

Oil futures fall as Persian Gulf exports may have recovered to two-thirds of pre-war levels

Aug 28, 2026, 7:15 PM ETUnited States Oil Fund LP ETF (USO), UCO, CL1:COM, CO1:COM, XLEDBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, NG1:COMBy : Carl Surran, SA News Editor

Crude oil futures fell Friday and for the week as traders took notice that more oil is covertly making it out of the Persian Gulf region, even as hopes fade for peace talks between the U.S. and Iran that might reopen the

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Quick Insights

Increased use of alternative routes has boosted supply, contributing to falling crude oil prices for the week.

Resumed and increased exports from Saudi Arabia and Iraq suggest a partial recovery of crude flows to two-thirds pre-conflict levels, despite Strait of Hormuz risks.

Energy ETFs like XLE and crude tracking funds declined during the week, while natural gas-related products had modest gains.
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