Middle East Crude Exports Boost Oil Prices Amid Tensions
Crude oil futures are easing back from their previous gains as increased flows in Middle East crude exports help offset rising tensions. The rise in geopolitical concerns had driven prices up, but the increase in exports is helping to stabilize them.
The region's crude exports, excluding Iran, have largely returned to pre-war levels. However, the network used to get barrels to market has changed dramatically.