IEA: UAE oil exports return to pre-war level of 85%, secret pipelines and ghost fleet key buffer.

According to the latest report from the International Energy Agency (IEA), the UAE's oil exports in early June have rebounded to nearly 85% of the level before the conflict with Iran broke out - this recovery even occurred before the United States and Iran signed a temporary peace agreement, thanks to the country's flexible use of pipeline transportation, strategic reserves, and alternative shipping routes. IEA data shows that in early June, UAE crude oil exports reached 4.3 million barrels per day, compared to only 1.9 million barrels per day in March when the conflict erupted. The key to achieving this significant rebound was the country's use of alternative oil pipelines bypassing the Strait of Hormuz and leading directly to the Fujairah port, as well as the release of the strategic oil reserves of 42 million barrels near the port in Mandous. In addition, the IEA pointed out that the UAE has increased direct exports through the Strait of Hormuz, with some tankers closing their Automatic Identification System (AIS) transponders during transit to avoid monitoring. Throughout the war, the Abu Dhabi National Oil Company (Adnoc) has quietly used its own fleet to secretly transport oil and gas supplies from the Persian Gulf, with its vessels believed to have successfully navigated between Iranian and American warships, delivering energy to markets in urgent need. This strategy has made Adnoc one of the most active shipping companies in the region, particularly adept at using small tankers to navigate narrow waterways. These unconventional transportation methods have been a key "buffer" in preventing oil prices from spiraling out of control during the supply crisis - previous industry predictions of oil prices soaring to $200 per barrel have not materialized. As crude oil continues to struggle through the straits, US exports have reached historic highs, coupled with unexpectedly sharp slowdown in Chinese demand, easing supply pressure. Now, with the signing of a temporary peace agreement between the US and Iran and the gradual return to normal passage through the strait, international oil prices have basically returned to pre-war levels. Although more ships are beginning to resume signal transmission, some tankers continue to choose to keep their transponders closed on certain sections of their voyages to maintain low-profile passage.