Debunking More Myths on Oil and Iran
From the original
If supply shortage should drive prices up today, then why didn't it do that yesterday?
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4 itemsDebunking Myths on Oil and Iran
The Commodities Feed: Oil shrugs off Bessent’s ‘D-day’ plan for Iran
The Commodities Feed: US-Iran ceasefire breakdown pushes oil higher
The breakdown of the US-Iran ceasefire has reignited tensions in the Middle East, driving oil prices higher as geopolitical risks resurface. Per the full note from ing-think, fresh US strikes against Iranian interests, combined with a Russian ban on diesel exports, have contributed to upward pressure on oil prices, which settled at $78/bbl, a 5.2% increase. This renewed volatility emphasizes the fragile nature of the recent ceasefire, suggesting that the oil market was overly optimistic about regional stability. Institutional traders should monitor whether tanker crossings in the Strait of Hormuz rebound in the wake of the escalating tensions, as this will provide insight into supply dynamics moving forward.