This is what

 

has kept gas prices down

during the Iran War.

Brent oil rises above $90 as Iran rules out 

interim deal extension,

 threatens to escalate conflict

CNBC 08/17/26

"Brent prices will likely rise back toward $100 per barrel

 as China increases its imports, said Bob McNally, 

president of Rapidan Energy."

"China has slashed its imports by 4 million barrels per day to 5 million barrels per day, which has played a key role in keeping crude prices from surging higher during the Iran war, McNally told CNBC.

(Almost in half.)

"But Beijing will likely allow its refiners to import more 

so they can benefit from high refined product prices, he said.

“China coming off of its crash diet is is not consistent with 

Brent prices being stable,” the analyst said.