Daily Oil Fundamentals

Our War, Your Problem

18 Mar 2026

Our War, Your Problem

Allegedly, the war has been won, yet there are no signs of de-escalation. If anything, tensions and tempers are running higher than before. Israel’s killing of the Iranian security chief and the head of the Basij militia has made the country’s leadership more defiant in continuing the war against its adversaries. Thus, it comes as no surprise that the supreme leader has reportedly rejected indirect offers to negotiate, while Tel Aviv has been targeted overnight with missiles carrying cluster warheads.

Daily Oil Fundamentals

Too Early to Release Your Seat Belt

17 Mar 2026

Too Early to Release Your Seat Belt

Such constant gyration in prices and indeed emotion have become something of the everyday. It is always intriguing that at low oil prices movements are measured in dollars per barrel, but at inflated levels they are measured in percentages. A three percent move at $60 is hardly as headline grabbing as a similar move at $100/barrel, yet such is the human insistence on qualified measurement. This is why the Israel/US war on Iran causes such knuckle cracking as we sit in front of our screens and try to apply logic to an unfathomable issue.

Daily Oil Fundamentals

Operation Epic Failure

16 Mar 2026

Operation Epic Failure

Perhaps the US was emboldened by its sensationally nimble military action against the former Venezuelan president at the beginning of 2026 and grew confident that quick strikes on Iran would suffice to remove the country’s oppressive and autocratic regime for the benefit of its people. Two weeks into the conflict, now undeniably a quagmire, it is hard to avoid the conclusion that launching military operations against Iran may have been a massive miscalculation, reminiscent of Putin’s misreading of Ukrainian resilience.