Platts reviews crude oil grades loading within the Persian Gulf in its Dubai, Middle East crude assessments

Platts, part of S&P Global Energy, on March 1, 2026, has initiated with immediate effect a review of the deliverability of crude oil loading from ports within the Persian Gulf in the Platts Market on Close assessment process for Middle East crude.

Platts will announce via subscriber note at 2 pm Singapore time, March 2, 2026, further guidance on how it will assess Dubai partials and performance expectations around bids and offers in the Platts Market on Close assessment process for Middle East crude.

This review has been initiated because market participants have notified Platts that major shipping companies have halted transit through the Strait of Hormuz amid heightened safety concerns after Israel and the US launched air strikes on Iran on Feb. 28, 2026.

During the review period, Platts invites further comments regarding the extent and likely duration of these shipping restrictions, as well as their impact on the deliverability of crude loading from within the Persian Gulf in the Platts assessment process.

Please send any feedback or questions to asia_crude@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.