Iranian crude traded at a $1-a-barrel premium to Brent on March 26, the first
since May 2022, after the US eased some sanctions, according to Argus Media.
That compares with a roughly $10 earlier discount in 2026. The shift reflects
supply disruptions in the Strait of Hormuz, where flows from rival Gulf
producers have been constrained while Iran-linked shipments continued. With
Brent near $107 a barrel, buyers are paying more for accessible barrels,
boosting الإيرan export values and benefiting trading networks tied to
sanctioned oil flows.
