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Last Updated: Thursday, October 1, 2026 at 01:59 PM
Category: Business

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More oil is getting out of the Middle East. Why is it still so expensive?

Regional oil exports are finally climbing again. Yet it may not be enough to bring crude and gasoline prices down to pre-war levels.
A worker in a hard hat twists the lever of a pipe outside near large trucks getting filled with oil
A worker fills Iraqi tanker trucks with gasoline Sunday at the Baniyas oil terminal in Syria's Tartus province. The fuel is being transported to Iraq via Syria for the first time amid disruptions to shipping through the Strait of Hormuz.Moawia Atrash / dpa / picture alliance via Getty Images

Oil is starting to flow out of the Middle East again. Consumers and businesses expecting major price relief on gas and diesel, however, will have to keep waiting.

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