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Oil is now flowing out of the Persian Gulf like before the Iran war. Why prices may still not come down anytime soon.
MarketWatch • • business
Key Points:
- Oil exports from the Persian Gulf in October nearly reached pre-Iran war levels, recovering to within 10% of January and February figures.
- The recovery includes total crude flows from Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the UAE, and Oman.
- Data was compiled by TankerTrackers.com, a maritime intelligence firm monitoring crude oil shipments.
- Despite the rebound, traders remain cautious about the stability of this recovery.
