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Beyond the Ceasefire: Real Energy Damage Pushes Brent Crude Differentials to Record Highs

The perceived political resolution, described as "co-ordinated social media posts" rather than a genuine US-Iranian ceasefire, has failed to stabilize the energy market, leading to deepening fallout. European and Asian refineries scrambling for oil cargoes have driven North Sea prices to record highs, with Forties Blend nearing $147 a barrel, surpassing 2008 levels, indicating severe…

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