Oil is now flowing out of the Persian Gulf like before the Iran war. Why prices may still not come down anytime soon.
Summary
Crude oil shipments leaving the Persian Gulf staged a strong recovery in October, nearly matching volumes recorded prior to the outbreak of the Iran conflict. Despite this normalization in maritime transport, market participants remain cautious regarding the stability of the upward trend, keeping energy prices elevated for now.
Oil flows out of the Persian Gulf in October nearly returned to levels seen before the start of the Iran war, but traders remain wary about a fragile recovery.
Source: Read the full story at MarketWatch.com - Top Stories
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