Daily Oil Fundamentals

Worrying Escalation is Met with Admirable Calmness

10 Jun 2026

Worrying Escalation is Met with Admirable Calmness

Overnight developments strongly imply that, despite hopes and prevailing narratives, this conflict will not end any time soon. In fact, the escalation is a genuine cause for concern. Iran played the role of the bad actor in the latest twist of this Middle East saga when it downed an American Apache helicopter over the Strait. The response was swift, as the US military struck Iranian targets, leading to an intensifying exchange of fire.

Daily Oil Fundamentals

Hopes and Equities Both Bounce

09 Jun 2026

Hopes and Equities Both Bounce

Fears of an escalation in the conflict between the US and Iran, or, more precisely, between Israel and Iran these days, abated by yesterday afternoon, following a $5 rally earlier in the day. Reciprocal strikes between the arch enemies over the weekend were followed by a tentative cessation of hostilities, accompanied by an explicit and ominous warning from the Israeli Prime Minister that the struggle against Iran and its proxy in Lebanon was “not finished.”

Daily Oil Fundamentals

100 Days

08 Jun 2026

100 Days

After another week of great suspense and even greater expectation, the sum of what we learned from those that have the ability to end this battle of the pugnacious have delivered a great big, solid, fat zero. In the major M1 futures contracts the biggest mover over last week was Gasoil and its 5 percent rise but given that an approaching summer ought herald some tightness in Gasoline, RBOB surprisingly fell by 2.5 percent, and the arguably main marker of all oil futures contracts, namely Brent, ground out a paltry 1 percent rise.