Saudis Make Hay While the Strait Largely Remains closed

Financial Times
https://archive.is/sLjRp

World’s biggest crude exporter to ask Asian customers for around $20 a barrel on top of benchmark prices

Customers in Europe will need to pay $24-$30 a barrel over the Brent benchmark, which is currently trading at around $108 a barrel, for Saudi oil next month.

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Brent is for the June contract. You are talking wet barrels.

Just wait until Iran spools up the Straits of Hourmoz tolling regime. My bet is that Israel makes a surprise attack on “the negotiators” during the 2 week cease fire. They’ve done it before.

intercst

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