Persian Gulf oil exports also exceeded pre-war levels, but the price of Brent remained around $110. Oil exports from the Persian Gulf briefly rose to pre-war levels, but concerns over the possibility of renewed US attacks on the Iranian regime, high transportation costs and declining inventories pushed Brent prices close to $110 a barrel.

Persian Gulf oil exports also exceeded pre-war levels, but the price of Brent remained around $110. Oil exports from the Persian Gulf briefly rose to pre-war levels, but concerns over the possibility of renewed US attacks on the Iranian regime, high transportation costs and declining inventories pushed Brent prices close to $110 a barrel.