Launceston, Australia: A chasm in pricing crude oil has emerged - barrels constrained by choke points are being offered at sometimes massive discounts while those that can move freely command generous premiums.
The gap continues to widen as the Middle East conflict worsens, with Yemen's Iran-aligned Houthis making rapid advances to threaten complete control of the Bab el-Mandeb strait and Saudi Arabia shutting down its pipeline to the Red Sea after an attack reportedly launched from Iraq.
