Insights

WTI/Brent: Economic pressure on Iran – Can November recreate the May $9 spread?

By the XAnalysts team

Members

Commodity
Crude
Market Hub
WTI/Brent
Price Indicator
WTI/Brent spread
Time Period
Nov
Market Impact
Weakening to -9$/bbl -too early to call?

The setup points toward a wider WTI discount—but a return to May’s near −$9/bbl WTI/Brent spread is not yet the base case. Higher VLCC freight, potential constraints on Persian Gulf flows and tighter Atlantic Basin sweet crude availability should strengthen…

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