Daily Oil Fundamentals

Strait of Hormuz Reopens

15 Jun 2026

Strait of Hormuz Reopens

Nothing is straightforward, and even Franz Kafka could not have written a more grotesque novel. Yet, it seems increasingly plausible that the conflict that upended the global economy and the oil balance is slowly drawing to an eagerly awaited end. That much was reflected in last week's price action and the overnight sell-off, as the warring parties are expected to sign an agreement on Friday to reopen the Strait of Hormuz.

Daily Oil Fundamentals

Heads are Spinning, Eyes are Rolling

12 Jun 2026

Heads are Spinning, Eyes are Rolling

From taking over Iran’s oil industry to a handshake — all within the space of four hours. It is the contemporary standard in diplomacy. Threaten to hit your enemy "VERY HARD," then embrace them. Whatever the outcome, claim victory. Call off the strike and announce a deal with Iran that has been approved by "all parties."

Daily Oil Fundamentals

Cause and Effect is an American Thing

11 Jun 2026

Cause and Effect is an American Thing

The dark hand of inflation starts to exercise its grip within the United States as it once again accelerates; the May CPI climbed 4.2 percent year-on-year, the most since early 2023. Although the Core CPI, that which excludes food and energy, came in below expectation by increasing 0.2 percent over April, it is likely that energy costs are starting to haunt the wider economy of the US and the lower-than-expected monthly increase is due to a change in spending habits from consumers who are cutting down on non-essentials as it is not only homegrown demand that pushes pump prices higher.