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.
Brent crude, the international benchmark, edged up 0.06% and clocked in at $108.86 per barrel at 2:33 p.m. ET, while West Texas Intermediate, the U.S. benchmark, fell 0.66% and stood at $97.17 at the same time.
