Iran has maintained oil exports through the Strait of Hormuz amid export halts by Gulf neighbors due to maintenance work and geopolitical tensions. While countries like Saudi Arabia and the UAE temporarily suspended shipments, Iran continued operations, leveraging its strategic position as a key oil supplier. The Strait of Hormuz, a critical global energy chokepoint, handles nearly 20% of the world’s oil supply, making disruptions a major concern for global markets. This divergence in export activity highlights regional disparities in energy policies and operational resilience. For traders, the situation underscores the Strait’s vulnerability to geopolitical risks and its role in stabilizing or destabilizing oil prices. Iran’s sustained exports could mitigate short-term supply shocks but may also escalate regional rivalries, particularly with Gulf Cooperation Council (GCC) nations. For MENA investors, the development signals potential shifts in OPEC+ dynamics and regional energy security strategies. Key watchpoints include OPEC+ policy adjustments, U.S. sanctions on Iranian oil, and the geopolitical balance in the Gulf. The Strait’s stability remains a critical factor for global energy markets.