Daily Oil Fundamentals

Back to $70 or over $100?

22 Jul 2026

Back to $70 or over $100?

Upon the signing of this MOU, the Islamic Republic of Iran will make arrangements, using its best efforts, for the safe passage of commercial vessels with no charge for 60 days only, from the Persian Gulf to the Sea of Oman and vice versa. The traffic of commercial vessels will immediately start, and considering the need for removing the technical and military obstacles, and demining by the Islamic Republic of Iran will be instated within 30 days.

Daily Oil Fundamentals

A Pause For Thought

21 Jul 2026

A Pause For Thought

The price of Brent has paused around the $90/barrel area as the oil market once again comes up against another instance of mixed messaging from the US/Iran war. The US Central Command reported on continued attacks into Iran while the United Kingdom Maritime Organisation informed on another tanker being hit in the region. With Houthis in Yemen announcing a maritime embargo on Saudi Arabia, it appears that the current outbreak of hostilities is showing signs of spreading its theatre.

Daily Oil Fundamentals

The Memorandum of Understanding Half Time Show is Over

20 Jul 2026

The Memorandum of Understanding Half Time Show is Over

It takes some brass-knuckled temerity for the President of the United States to criticize the England football manager concerning Thomas Tuchel’s tactics in England’s World Cup defeat to Argentina in last week’s semi-final. What Donald Trump fails to realise is that all persons from doctors in the Democratic Republic of Congo, to road diggers in Japan realise that in the ‘beautiful game’ such results are not uncommon and, in the end, football hearts are broken but not a soul loses their life. These two same workers might then in return, with the world on their side, ask why the US President went to war in Iran and why his own warfare tactics are going so badly wrong; not only causing continued death, but reaping havoc in the global economic puzzle.

Insights

Daily Oil Fundamentals