Daily Oil Fundamentals

Equities Hope, the Real US Superpower

07 May 2026

Equities Hope, the Real US Superpower

It is repetitious, to say the least, in noting once again the resilience of stock markets, particularly those of the United States. At present, if one allows some time to sit in front of a television and watch a financial news channel, there is hardly ever a talking head spouting doom and gloom on the ills that the current Gulf crisis might inflict on the global outlook. It would be too laboured a point for a deep dive into how shares are places of investment rather than trading.

Daily Oil Fundamentals

‘To Cease Upon the Midnight with No Pain’

06 May 2026

‘To Cease Upon the Midnight with No Pain’

Apart from the obligatory upbeat rhetoric from the US administration, the gunpowder barrel, the Strait of Hormuz, that is, remains exposed to explosion. Whether the spark will be ignited by Iran or the US is impossible to predict. In fact, the gap between narrative and reality is now probably wider than that between physical and futures oil prices. The Pentagon is at pains to emphasise that the month-long ceasefire has not been broken, while continuing to exchange (i.e. not cease) fire with its adversary.

Daily Oil Fundamentals

Project Deadlock

05 May 2026

Project Deadlock

Under the auspice of ‘Project Freedom’ a couple of ships have made good on crossing the Strait of Hormuz, guided it is reported by US naval assets. Yet, other reports come in, and from reliable sources such as the UKMTO that a tanker in the strait and a bulk carrier north of Dubai have been hit by small aircrafts.