U.S. crude oil exports surged to over 6 million barrels per day last week, reaching a record high as overseas buyers seek alternatives to Middle Eastern oil due to the Iran conflict.

Driven by this sharp increase in volatile weekly crude export figures, overall U.S. petroleum and fuel exports climbed to a new record, exceeding 14 million barrels per day.

Despite a fragile ceasefire between the U.S. and Iran, oil buyers worldwide continue to grapple with the most severe energy supply disruptions in history. U.S. exports play a crucial role in filling this gap, while the Trump administration is pushing to increase production as part of its energy dominance agenda.