Oil Supplies Bounce Back, but Prices Are Still High

“Oil markets are heading into an unusual period as the Iran conflict remains in dangerous limbo: The supply crunch is easing, but prices could stay stubbornly high,” Axios reports.

“While gasoline prices have dropped lately, don’t expect pre-war levels anytime soon even as Middle East exports fitfully recover.”

“Getting oil out of the region is expensive, which filters down to consumers.”