World
Oil flows are up as Iran war turmoil eases. Why do prices keep rising?
Brent crude prices are up more than 60 percent compared with pre-war levels, despite rebound in supply.
Al Jazeera•
Oil flows out of the Gulf have increased substantially, easing the huge supply disruption caused by the United States/Israel war on Iran.
Crude exports from the Gulf averaged 24.6 million barrels per day (bpd) in the week to October 18, exceeding the pre-war average, according to market intelligence firm Kpler.
Brent crude, the global benchmark, is trading at its highest prices since April, up more than 60 percent compared with before the war.
October has been the deadliest month for attacks on commercial vessels since the start of the war, with 32 incidents logged by the United Kingdom Maritime Trade Operations (UKMTO) as of Friday.