Weekly bids for distillate fuel storage in the U.S. on Tank Tiger's platform have risen by 242% to 1.3 million barrels this month compared to February, according to storage broker Steven Barsamian. The surge is seen as a signal that traders are positioning for sustained Hormuz disruption, as Middle East flows continue to disrupt and freight costs rise. The Middle East conflict has significantly reduced Europe's distillated fuel supplies, resulting in a significant decrease in Europe's supply of Middle East middle-distillate supply. The April HOGO swap, which reflects the difference between U.N. distillates benchmark and European counterpart ICE gasoil, has widened from 18.5 cents a gallon on February 26 to 31 cents a million on Tuesday.