https://www.live-feeds.com/feed/oil-is-flowing-from-the-persian-gulf-but-prices-remain-high-whyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-is-flowing-from-the-persian-gulf-but-prices-remain-high-whyhttps://www.live-feeds.com/feed/oil-is-flowing-from-the-persian-gulf-but-prices-remain-high-why#u97261Sat, 03 Oct 2026 15:40:17 +0000Crude oil exports through the Strait of Hormuz have recovered to prewar levels, reaching a seven-day average of 13.5 million barrels per day. Despite the resumption of flows from the Persian Gulf, crude oil costs close to $100 a barrel because traders worry hostilities could restart and the world is burning through emergency stockpiles. And ongoing constraints on refined products like diesel and gasoline mean continued high prices at the pump for consumers in the United States and record levels in the European Union.Why it mattersThe conflict with Iran initially created a severe oil shortage,