Author Says Dated Brent Spread Over Front-Month Futures Moves 1:1 With Shipping Costs, Which Rose After...

According to the author, there is no mystery about why oil prices are high. The spread of Dated Brent over the front-month future moves 1:1 with shipping costs, which rose after the East-West pipeline was hit and following IRGC ship attacks.
The author says this will not last, which is why Dated Brent crashed yesterday.