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More Oil is Flowing Through the Persian Gulf Than Before the War. Prices are Still High.

Persian Gulf
International Business Times Fews App News Provider
Fews App Post Time Hace 4h

Brent crude stands just below $109 a barrel on Wednesday as geopolitical tensions remain high. Getty Images A new report detailed that oil exports from the Persian Gulf have surpassed levels recorded before the Iran war. But other factors, like sky-high tensions in the region, as well as increased freight costs resulting from ensuing dangers, are keeping prices elevated.

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