Wcs discount widens as iran tensions push wti to multi-year high

The price differential between Western Canada Select crude and North American benchmark West Texas Intermediate futures has expanded to its widest level since early 2024, as escalating tensions over Iran's nuclear program drive up oil prices.

Wti soars amid iran uncertainty

U.S. crude oil settled at its highest level since 2022 on Tuesday, after President Donald Trump's deadline for Iran to open the Strait of Hormuz loomed large, stoking market fears of a potential disruption to global oil supplies.