Saudi Arabia raised its crude oil production to 10.563 million barrels per day in October, an increase of nearly 26 percent from September. The rise brought the kingdom's output close to the levels it recorded before the Iranian war.

The recovery came despite disrupted shipping through the Strait of Hormuz and an escalation in attacks on vessels and energy facilities. It signals that the kingdom has managed to keep supplies flowing.

Saudi exports of crude and refined products reached 7.9 million barrels per day in October, the highest level since the war began, according to data from Kpler. The kingdom made use of its outlets on both the Gulf and the Red Sea to move its barrels.

The Saudi increase helped push total OPEC+ production to 41.23 million barrels per day in October. That figure restores the alliance to roughly 97 percent of its pre-war output.

The figures point to the ability of Gulf producers to adapt to shipping restrictions. They did so by diversifying export routes and relying on ship-to-ship transfers of oil between tankers.

Elsewhere, Russian production rose to 8.668 million barrels per day in October. That marks an increase of 41,000 barrels per day over September.