Brent crude oil price difference in recent months has turned into futures premium, with oil prices falling below $75

With the reopening of the Strait of Hormuz under the US Iran agreement and an increase in oil supply in the Middle East, the Brent crude oil price differential has turned into a futures premium for the first time since February. Brent crude oil prices fell below $75 per barrel. The Dubai market in the Middle East has also shown a similar trend recently.