According to Link Data Resources, the US medium sulphur crude oil variety Mars soared to the strongest price difference compared to West Texas Intermediate crude since April. The variety reached a premium of $6.25 per barrel. It has risen more than $2 per barrel over the past two trading days. Mars crude is closely linked to the volatility brought about by the Iran war, as global buyers are looking for alternative varieties to make up for lost crude supplies due to the blockage of the Strait of Hormuz. At the beginning of the April war, the breed soared to a premium of $18.

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