Gasoline refinery margins in Northwest Europe experienced a significant decline, dropping $3.64 to $20.58 per barrel on Monday. This downturn coincided with a sharp increase in crude oil prices, which surged by over $6 per barrel. The rise in crude prices was attributed to geopolitical tensions, particularly after reports from Iran indicated that the country has ceased sending mediated messages to the United States regarding negotiations. In the trading market, Trafigura and Equinor sold approximately 8,000 metric tons of E5 gasoline to Shell, while Petroineos sold around 3,000 tons of E10 gasoline to Van Raak. Furthermore, data from Kpler revealed a decline in gasoline and blending component exports from the EU-27 and UK, averaging 811,000 barrels per day in March compared to 954,000 barrels per day in April. The combination of rising crude costs and falling exports has compressed the profitability of gasoline production across the region, leading to reduced refinery margins.