Insights

Daily Oil Fundamentals

A Memorandum of War

15 Jul 2026

A Memorandum of War

Markets are looking down the barrel of another period in time of competing headlines which will be fuelled by the turnarounds from one Donald J. Trump. Fortunately, the US President has been talked down from slapping a 20 percent fee on ships aided by the US in negotiating a Hormuz crossing, but his mouthing of trade deals and investments in kind, brings a whole new level of confusion to the miasma created in tariffs and sanctions by this White House.

Daily Oil Fundamentals

A Return to Arms

14 Jul 2026

A Return to Arms

An extraordinary turn of events now unfolds in the Middle East. The concealed frustration and antagonism between those supposedly adhering to the memorandum of understanding, finally found its way into military expression. We discuss below how predictions are assumptive, but this deterioration in diplomacy and acceleration in weapons exchange has caught the market a little on the hop.

Daily Oil Fundamentals

Missile Exchanges, the New Currency of Monday Morning News

13 Jul 2026

Missile Exchanges, the New Currency of Monday Morning News

It did not take long for the recent state of tetchiness in negotiations between the United Sates of America and the Islamic Republic of Iran to turn into shooting once again. Over the weekend the US said it carried out 140 strikes on Iranian infrastructure on Saturday and again there were more strikes again on Sunday. Iran has returned the favour by hitting out at US allies in the area and the whole sorry repetitive circus is once again amongst us. The quibble from any oil watcher’s perspective is how any of this affects the running of oil cargoes through the Strait of Hormuz.

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