Pretty sure that’s American propaganda. I was checking the Middle East for prices, and I see much cheaper values there. This is after conversion, comparing Sept. 2026, with similar volume.
- Kuwait: $1.41
- Egypt: $1.50
- Saudi Arabia: $1.81
- Qatar: $2.13
- Texas: $5.86
I think the issue is conversion, cost of living differences, and their own proximity to global pipelines & production.