Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How the Strait of Hormuz Toll Is Reshaping Oil Spreads
On July 13, 2026, Brent crude surged past $82 while WTI held near $77, widening the Brent-WTI spread to over $5 for the first time in months. The catalyst? Former President Trump's proposal for a 20% toll on cargo through the Strait of Hormuz, paired with renewed threats to block Iranian shipments. Lucas and Luna break down how this geopolitical maneuver is reshaping global oil pricing, why Brent is commanding a growing premium over WTI, and what it means for the energy trade going forward. They unpack the mechanics of the Brent-WTI spread, the role of Gulf production costs versus Middle…
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