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Middle East oil faces pricing confusion as Hormuz traffic halted
BusinessLine· 2026-03-02 09:54
The halt to energy shipments through the Strait of Hormuz is disrupting how some of the world’s major oil grades are priced.S&P Global Energy has stopped accepting bids and offers for crude varieties that need to transit the vital chokepoint in its trading window that helps set the price for the Dubai regional benchmark, it said in a note to subscribers on Monday. The grades include Dubai, Upper Zakum, Al-Shaheen and some Murban cargoes, it said.The pause comes as the crisis in the Middle East widens and ve ...