The Caspian Sea Crisis Widens the Oil Price Gap

The Brent-WTI crude spread has ballooned to nearly $8 a barrel, the widest in months. Lucas and Luna examine how Ukraine's strike on Iranian vessels in the Caspian Sea is driving a geopolitical risk premium into global oil benchmarks—and why that's pulling Brent toward $97 while WTI lags near $89. They look at the impact on Caspian Pipeline Consortium exports, gasoline prices hovering at $4 a gallon, and the curious fact that inflation expectations are actually falling. Is this spike temporary, or does the Caspian disruption signal a deeper shift in oil trade routes? A tight, data-driven look at how one sea is shaping two benchmarks. #CaspianSea #OilPrices #BrentCrude #WTICrude #GeopoliticalRisk #Ukraine #Iran #EnergyEconomics #FexingoBusiness #BusinessPodcast #Economics #OilMarkets #CPC #GasolinePrices #InflationExpectations #CrudeOil #GlobalTrade #July2026 Keep every episode free: buymeacoffee.com/fexingo