The crisis in oil pricing. What the “markets” aren’t telling you.
As of April 17, 2026, amid the ongoing 2026 Iran war, Platts physical oil benchmarks (e.g., Dated Brent and Dubai) have decoupled sharply from futures prices. Platts Dated Brent and Middle East spot assessments, which reflect actual traded cargoes for near-term delivery, remain elevated—often in the $130–$157 range (with Dubai hitting records near $157–$166/bbl in March). […]
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