Three sources said a conflict involving Iran has reduced crude flows from Gulf producers, tightening refinery feedstock and pushing the premium for Russian Urals crude delivered to Indian ports to about $8/bbl versus Brent, the highest since May. The

2026-09-16

Three sources said a conflict involving Iran has reduced crude flows from Gulf producers, tightening refinery feedstock and pushing the premium for Russian Urals crude delivered to Indian ports to about $8/bbl versus Brent, the highest since May. The sources said the delivery premium is roughly $8/bbl now, versus about $1/bbl in August.