Analysis
3-2-1 Crack Spread 2026: Refining Margins Explained
How the 3-2-1 crack spread worked in 2026 — gasoline and distillate margins vs crude input cost. Peak spreads, regional variations, refiner winners.
Politics. Economics. Markets. — The Authoritative Voice on the Middle East
How the 3-2-1 crack spread worked in 2026 — gasoline and distillate margins vs crude input cost. Peak spreads, regional variations, refiner winners.
On Day 29 of the Iran conflict, Houthi forces have joined the fighting with missile strikes, President Trump…
Brent hit $112 and WTI $100 in late March 2026 on Iran-war escalation. The supply disruption mechanics, spare…