Brazilian Exports to Gulf Rise as Iran‑US Tensions Disrupt Oil Routes

In June 2026 Brazilian shipments to the Gulf Cooperation Council increased 1.25% year‑on‑year to US$758.14 million, reversing a decline caused by the conflict that has limited access to the Strait of Hormuz. Over the first half‑year, total exports to the GCC fell 4.01% to US$4.17 billion, but exporters have rerouted cargo through Red Sea ports and combined road and air logistics to keep goods moving.

At the same time, Iran’s recent attacks have nearly halted traffic through the Strait of Hormuz, a passage that carries about 20% of global oil and liquefied natural gas. A cease‑fire agreement signed on 17 June between the United States and Iran has broken down, raising the risk of further strikes on oil infrastructure in the Gulf. The combined commercial and security developments underscore both the resilience of Brazil’s trade with Arab markets and the fragility of global energy flows in the region.