The "double throat crisis" has created a super bull market for refining stocks! The crack spread has surged to historical highs, and U.S. refineries are reaping the benefits of the global fuel shortage.

Zhitong Finance APP has learned that as the new round of geopolitical tensions in the Middle East seems to be spiraling out of controlespecially reflected in both the U.S. and Iran emphasizing their respective camps' control over the Strait of Hormuzglobal refining stocks are experiencing an unprecedented surge. However, historical experience indicates that this trend may quickly come to an end.