# Buyers are “paying an exceptional premium for secure, refinery-usable Atlantic Basin barrels available now,” Morgan Stanley said.

*business · news · 2026-04-07 · Livemint*

## Key points

- Dated Brent surged above $140 a barrel, its highest level since 2008.
- Physical oil prices are rising much faster than futures due to immediate supply disruptions.
- The near-complete closure of the Strait of Hormuz has driven Asian buyers to seek Atlantic Basin barrels.
- Morgan Stanley clarifies that the Brent futures market is functioning as intended despite price divergence.

**Companies:** Morgan Stanley
**Countries:** United States, Israel, Iran

[Read the full story on Livemint](https://www.livemint.com/market/oil-sees-exceptional-premiums-on-war-stress-morgan-stanley-says-11775556756408.html)

---

Canonical: https://newsio.io/n/137a2ddf-a1ff-4a2b-9dbe-9c09dc400c0f/buyers-are-paying-an-exceptional-premium-for-secure-refinery-usable-atlantic-bas
Summarized by Newsio from Livemint. https://newsio.io/how-it-works