Bloomberg news agency has reported an increase in Saudi Arabia’s oil export revenues despite the Islamic Republic’s disruption in the Strait of Hormuz and attacks on dozens of oil tankers and oil installations in the region.

According to Bloomberg estimates, in the first five months of this year Saudi Arabia had nearly $100 billion in oil exports, which is 15% more than the same period last year.

Saudi Arabia, along with the United Arab Emirates, has alternative pipeline routes to bypass the Strait of Hormuz, and although their oil exports have fallen in volume, a jump in oil prices in global markets has led to an increase in their oil export revenues.

Oman, which is outside the Strait of Hormuz, has kept its oil exports at the level before the Middle East war and has benefited greatly from the surge in oil prices. By contrast, Iraq, Kuwait, and Qatar have suffered significant losses due to the blockage of the Strait of Hormuz and the lack of alternative routes.