AT OPEN, DOW DOWN 1.2%, S&P 500 FALLS 1.1%, NASDAQ DROPS 1.6%

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 discount earlier 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.

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