Daily Oil Fundamentals

No Strait Answer on a Deal Yet

06 Aug 2026

No Strait Answer on a Deal Yet

The many faceted discussions centred around the Strait of Hormuz seems stuck in some sort of temporal loop. Since Monday, the US President has promised an opening of the most written about waterway, and yet we wait. The other intriguing and confusing asset to this conundrum is the deal-making between Iran and Oman and how the routes in and out of the Persian Gulf will be policed. Mixed media sources are more than suggesting that Iran will be in control of inbound vessels with the opposite for Oman.

Daily Oil Fundamentals

Hopes of Strait Re-opening Rise Again

05 Aug 2026

Hopes of Strait Re-opening Rise Again

Something unusual, or even strange, happened yesterday. It was not the almost $5/bbl fall in oil prices that sent Brent below $80/bbl for the first time since July 13. We have been here before. Nor was there anything particularly unusual about the trigger. It appears that talks to reopen the critical Persian Gulf passageway, the Strait of Hormuz, are gathering momentum once again. What was unusual was the source.

Daily Oil Fundamentals

Running Out of Options

04 Aug 2026

Running Out of Options

It will be a goodly time before this report’s preamble, or in fact the whole offering, will be able to avoid any reference to Donald Trump and his ‘event horizon’ created by the war in and around Iran. The gravity, in both senses of the word, is not diminishing and the longer this saga goes on, the fewer opportunities there will be to escape its magnetism for all markets and the global economy.

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Daily Oil Fundamentals