The market is currently operating under a form of selective blindness. While Israel and Lebanon agreed to a conditional ceasefire, the US and Iran continue to exchange strikes....
A fragile ceasefire in the Middle East began to crack on Tuesday. What started as diplomatic posturing quickly turned into physical combat as US and Iran exchanged military strikes....
A handful of detained tankers in the Strait of Hormuz started as a logistical inconvenience last week. By Tuesday, the arithmetic of global energy trade had rewritten itself....
Jerome Powell warns that politicizing Fed will erode its credibility. The market is currently operating under a form of selective blindness. While the outgoing Fed Chair defends the institution's...
The pipes of the energy complex cleared today as the market priced out the immediate threat of a blockade. When the US and Iran agreed to a 60-day truce renewal, the risk premium that had been...
A few tactical airstrikes near the Strait of Hormuz started as a localized military operation on Thursday. Within hours, they had effectively dismantled the peace narrative the market spent the last week pricing. When the US military launched strikes near Hormuz with no accord in sight, the energy complex reacted with a violent surge...
The plumbing of global energy markets is starting to clear. When an LNG tanker exited the Strait of Hormuz for India for the first time since the conflict began, it provided the first physical proof that the blockade is easing. This is the mechanical precursor to the headline: Trump announced a negotiated deal with Iran...
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