The oil price you see on Google is lying to you
The widely quoted Brent crude price sits around $102 a barrel
But if you actually needed a tanker full of oil delivered right now, you’d be paying close to $145, a record, and more than double what it cost before the war started
The gap between the two prices is now the largest in 20 years, and even energy analysts say they can’t fully explain it
What they do agree on is that the futures market has completely lost touch with reality on the ground
Around 10% of the world’s oil supply is still trapped in the Persian Gulf. Gas stations in Vietnam and Thailand have turned customers away. Sri Lanka made Wednesdays a public holiday to cut fuel use
The war looks manageable in the headlines, but the spot market tells a completely different story
Source: New York Times
The oil price you see on Google is lying to you
The widely quoted Brent crude price sits around $102 a barrel
But if you actually needed a tanker full of oil delivered right now, you'd be paying close to $145, a record, and more than double what it cost before the war started… https://t.co/Pdb2cyIX7k pic.twitter.com/4ieSQXccsr
— Mario Nawfal (@MarioNawfal) April 13, 2026