Americas
Brent Just Posted Its Biggest Weekly Gain Since Russia Invaded Ukraine. The Parallels Don’t Stop at the Price.
Brent hit $85.85 — a 52-week high. Oil posted its biggest weekly gain since Russia invaded Ukraine. But this time the supply isn't rerouted. It's trapped.
Americas
Qatar Just Took a Fifth of the World’s LNG Offline. America Can’t Fill the Gap.
Iranian drones shut down Ras Laffan, the world's largest LNG export complex. European gas futures surged 54%. US terminals are maxed out with no spare capacity.
Europe
A Shahed Drone Just Hit the Biggest Refinery in the Middle East. Monday’s Oil Open Will Be Ugly.
Iranian Shahed-136 drone hits Saudi Aramco's Ras Tanura refinery, shutting 550,000 bpd. Brent surges 9% past $79. First strike on Gulf energy infrastructure.
Commodities
Oil Has $10 of Iran Premium Baked In. Geneva Will Decide If It Stays.
Oil drops 2% as US-Iran nuclear talks open in Geneva with $10/bbl of geopolitical premium at stake and the White House signalling a strike this weekend.
Americas
Brent Hits Six-Month High on Hormuz Risk – but 70% of OPEC’s Spare Capacity Sits Behind the Chokepoint
Brent topped $72 on a $6/bbl risk premium as the US doubled its Gulf air power in three days. The problem: 5.8M bpd of OPEC spare capacity is stuck behind the same strait Iran just closed for live-fire drills.
Commodities
Brent Hits Six-Month High at $71.33 – Trump’s 10-Day Iran Deadline Collides with SCOTUS Tariff Shock
Brent crude hits $71.33 six-month high on Trump's 10-day Iran deadline as SCOTUS strikes down tariff regime and EIA reports a 9-million-barrel inventory draw.
