The oil market is a hot mess

The jumps in the Brent and West Texas Intermediate oil price benchmarks actually understate the degree of dislocation, writes Alphaville's Robin Wigglesworth. Look at the long-term prices of Dubai and Omani oil to see the bigger picture: https://t.co/1ZsLuEFK3N pic.twitter.com/naaYzrnFLK

— Financial Times (@FT) March 19, 2026

They wouldn't leave them people alone because every time we bombed them, they hit the Dubai oil fields, thereby, hurting America economically.  The folks in Dubai said this morning that it's going to take them 5 years to repair one oil field.  Iran has been playing the LONG game by blowing up the Dubai oil fields because if we don't have access to oil for another 5 years just imagine how bad the inflation is going to be here?  

The jumps in the Brent and West Texas Intermediate oil price benchmarks actually understate the degree of dislocation, writes Alphaville's Robin Wigglesworth. Look at the long-term prices of Dubai and Omani oil to see the bigger picture: https://t.co/1ZsLuEFK3N pic.twitter.com/naaYzrnFLK

— Financial Times (@FT) March 19, 2026