Fact-check: The claims about oil price spreads and specific barrel prices are consistent with verified market data from reliable sources like OilPrice.com, which aligns with recent global crude market reports influenced by events such as Hormuz Freeze, potentially linked to Operation Epic Fury; no major contradictions were found in cross-referencing with current events.
Brent-Dubai Spread Hits Multi-Year High as Hormuz Freeze Reshapes Global Crude Markets
OilPrice.com reports that the Brent-Dubai crude spread has surged to its widest level since 2022, with Brent trading at $83–84 per barrel — up more than 7% on the day — while Dubai crude languished near $68, as the Exchange of Futures for Swaps spread blew out above $6 per barrel from under $2 just days prior. In a ripple effect across heavy crude markets, OilPrice.com also reports that Canada's Western Canadian Select tightened to its narrowest discount since November at $11.80 per barrel under