Hormuz Freeze Sends Brent-Dubai Spread to Multi-Year High

OilPrice.com - March 3, 2026

Hormuz Freeze Sends Brent-Dubai Spread to Multi-Year High

Brent’s premium to the Middle East’s Dubai benchmark has blown out to its widest level since 2022, confirmation that the global oil market is squarely trading on disruption. As of Tuesday morning, Brent was trading around $83–$84 per barrel, up more than 7% o…

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