Despite the ongoing uncertainty regarding the fate of the Iran war, in light of negotiations that have not yet resulted in an agreement, official reports and statements have revealed that Gulf oil exports are flowing at levels close to their pre-war counterparts. The reports opened the door to questions about the reason for the continued increase in oil prices, as well as about the continued increase in expectations for prices in the near term. Why do oil prices continue to rise despite the increase in Gulf exports? The answer is in the following report.