Operation Epic Fury drives Americas heavy crude to multi-year highs

Heavy grades pumped in the Americas climbed to their highest levels in years on Wednesday, driven by the ongoing Operation Epic Fury launched by the US and Israel against Iran and the subsequent retaliation. The retaliation resulted in curtailed shipments of comparable crude from the Middle East and has driven up international benchmark crude oil prices, Reuters reported. Brent crude has climbed to its highest point since January 2025. The Middle East supply squeeze has pushed up prices for heavy crude ...