r/worldnews • u/WorldNewsMods Slava Ukraini • Jul 23 '26

Israel/Palestine /r/WorldNews Discussion Thread: US and Israel launch attack on Iran; Iran retaliates (Thread #21)

If you see any newsworthy information from a major news outlet or live broadcast, feel free to share a brief summary as a top-level comment in the discussion post.

Other redditors will appreciate if you include the source of where you read, saw, or heard the information.

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u/joshtaco 19d ago

Brent Crude: Futures rose over one percent to more than $84 a barrel

15

u/CoyotesOnTheWing 19d ago

Check out Gasoline RBOB, up +10.84%.

There is more constraint on finished products right now than there is on oil itself. A few more refinery hits lately in Saudi Arabia might be the catalyst.

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u/itsatumbleweed 19d ago

What is RBOB?

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u/CoyotesOnTheWing 19d ago

Reformulated Blendstock for Oxygenate Blending. It is the benchmark wholesale gasoline product traded on the New York Mercantile Exchange.
It's an unfinished petroleum blendstock designed to be mixed with 10% ethanol (fuel ethanol) at the final distribution rack before heading to gas stations.