Middle East crude benchmark Platts cash Dubai crosses $100/b mark in Oil & Companies News 09/03/2026 Middle East crude benchmark Platts cash Dubai surpassed the $100/b mark for the first time in more than three years March 6, data from Platts, part of S&P Global Energy, showed, amid the ongoing fallout from the Middle East war. The marker was assessed at $100.45/b at the March 6 Asian close, up $5.50/b on the day and at a high not seen since Aug. 30, 2022, when it was assessed at $102.80/b as markets grappled that year with the outbreak of the Russia-Ukraine war. Now in its sixth day, the conflict showed little signs of reaching a resolution. Ship traffic through the Strait of Hormuz remained severely curtailed, with crude and product crossings close to a standstill, and hundreds of vessels queued on both sides of the chokepoint. The Platts Dubai differential has also surged to hit all-time highs over the week ended March 6. It was most recently assessed at a premium of $23.81/b against same-month Dubai futures at the March 6 Asian close, up more than nineteenfold from a $1.21/b premium on Feb. 27 before the fighting broke out. Source: Platts 2026-03-09 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share