Oil flows are up as Iran war turmoil eases. Why do prices keep rising?

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.Recommended Stories list of 4 itemslist 1 of 4Romania extends pre-trial detention of far-right politician Calin Georgesculist 2 of 4UN experts sound alarm at excessive use of force in French student protestslist 3 of 4No clear winner in Israel election with nearly 90 percent of votes countedlist 4 of 4Israelis rally for Jewish-Arab government after election gainsend of listYet, oil prices continue to rise.Brent crude, the global benchmark, is trading at its highest prices since April, up more than 60 percent compared with before the war.On Friday, Brent crude front-month futures – contracts for oil deliveries in December – rose more than 2 percent to briefly top $117 a barrel.The climbing prices reflect anxiety about the possibility of renewed hostilities in the US war on Iran, dwindling oil stocks, and the increased costs of transporting supplies out of the region, according ...