Daily Oil Fundamentals

Reaction is Becoming Muted

16 Jul 2026

Reaction is Becoming Muted

Another dawn and another bout of war watch. Hostilities seem to be intensifying as there have been five-straight days of weapons exchange and nothing to suggest by the reported leaders of our duelling couple that hostilities are likely to end very soon. The US President has once again briefed on how Iran wants to “settle so badly, but if not, we will finish it off.” From the Iranian side, and as seen in the New York Times, a top Iranian official said, “we must fear neither war nor negotiations.”

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.

Insights

Daily Oil Fundamentals