War headlines today. Pakistan mulls Mecca agreement attack on Houthis. China rumoured to pressure Iran on Houthis. Hormuz traffic has slowed. Madman mulls Iran “annihilation”. Brent and diesel pull back. TME sums up oil market positioning. Range-bound, crowded and convex Oil is sending conflicting signals. The long-term chart remains trendless and volatility refuses to panic, The post Aaaand…now…
The temporary closure of the key onshore pipeline Saudi Arabia uses to bypass the Strait of Hormuz has added another shock to an oil market already struggling with six months of Middle East supply…
EU finance ministers and Central Bank governors are gathering in Dublin today for an informal meeting to discuss the energy crisis and instability in the Middle East.
