Oil price gap reaches $40 between crude grades due to Hormuz risks

A gap of over $40 has emerged between the prices of crude oil stuck in the Gulf and exportable grades.

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The fact

Tensions around the Strait of Hormuz, following a temporary U.S.-Iran agreement, are the cause.

Brent exceeds $107 per barrel, while WTI nears $103.

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Auto-synthesis from 1 media source · identified on September 15, 2026