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Daily Oil Fundamentals

Grumblings on Capitol Hill, But Not Much Has Changed

04 Jun 2026

Grumblings on Capitol Hill, But Not Much Has Changed

Despite the US President insisting that he need not get congressional approval because of the current ceasefire. It appears as if the House of Representatives has conjured up some courage from somewhere and passed a motion to curb executive war powers and means that Donald Trump will now have to seek permission if he is to continue with the Iranian war.

Daily Oil Fundamentals

Strait Jacket

03 Jun 2026

Strait Jacket

The Persian Gulf is akin to a prison—or, better yet, a psychiatric ward. There is no escaping from it. While Iran is carefully reviewing the latest US proposal aimed at restoring traffic through the Strait and halting hostilities, the situation has become even more complex. The bad blood between the US and Iran is well documented, but tensions are now also flaring between Washington and Israeli leaders, the latter being at least indirectly responsible for nudging their steadfast ally into igniting the conflict nearly 100 days ago. After reportedly receiving an earful from President Trump, Benjamin Netanyahu appears to have stepped back from launching an all-out attack on Hezbollah and opted instead to strike Lebanon.

Daily Oil Fundamentals

Bibi is in no Mood to End the Game

02 Jun 2026

Bibi is in no Mood to End the Game

As we approach the summer season of tennis, the current game of deuce between the US and Iran offers no sign that an eventual winner might emerge. On Monday morning the US served with stronger terms and by the end of the day, Iran had counter-volleyed that unless Israel stopped its expanding attack on Hezbollah, all negotiations would be put on hold.