BlockBeats News, August 28th, Goldman Sachs Group stated that Persian Gulf oil exports have recovered to about two-thirds of pre-war levels. Goldman analysts including Daan Struyven indicated that with the increase in traffic through the Strait of Hormuz, the total volume of crude oil and oil product exports in the region has risen to a daily range of 15 to 16 million barrels, still 7 to 8 million barrels lower than pre-conflict levels, but significantly higher than the low of 5 to 6 million barrels in March. The scale of oil transported solely through the Strait of Hormuz may already be close to the daily range of 8 to 10 million barrels estimated by U.S. officials.

Goldman Sachs stated: "The increase in the number of professional carriers turning off vessel tracking signals and the rise in ship-to-ship transfer activities indicate that producers and carriers are adapting to the Middle East conflict." Despite a significant amount of oil being shipped out of the Persian Gulf, the transportation volumes of liquefied natural gas and refined oil are lower. Goldman Sachs indicated: "In a scenario of sustained supply disruptions, we still believe that the European natural gas price and forward refined oil price will rise more than crude oil."