AI Summary

Dubai and Murban crude futures flipped to contango on Tuesday, the first time since the war began on February 28. The change follows the U.S.–Iran deal, which has lifted expectations that Middle East supply will soon recover. Bloomberg data show the benchmark grades’ curve structure shifted, reflecting eased concerns about prompt crude availability from the region. The move signals a potential end to the supply crunch that has dominated Middle East oil markets.

AI summaries can be wrong sometimes—always verify important details using the source article.