[Goldman Sachs: Persian Gulf Oil Exports Have Recovered to 2025 Average Levels] BlockBeats News, September 30, Goldman Sachs estimates that Persian Gulf oil exports (including 'shadow exports') have doubled in September, recovering to the average levels projected for 2025. Saudi Arabia led this rebound, with its export volumes rising above the 2025 average levels, while Iran did not export crude oil via sea routes in September. Analyst Eamonn Sheridan noted that this estimate from Goldman Sachs further reinforces the market narrative of supply recovery. This factor contributed to the sharp drop in oil prices yesterday. In a report released at the end of August, Goldman Sachs stated that even if Middle Eastern supply disruptions persist for a longer period, the increasing 'shadow shipping' could limit the upward potential for crude oil prices. The latest data further supports this view. The report also pointed out that if supply disruptions continue, the price increase potential for refined products and European natural gas could exceed that of crude oil, aligning with the current market focus on diesel supply. (Jin10)