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

Source: International Business Times

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.