News
Oil prices sold off sharply on June 24: WTI crude settled at $70.34/bbl (−3.92%), briefly dipping below $70 for the first time since March 2, while Brent fell 4.3% to $73.74 — its lowest close since before the February Middle East escalation. Improving tanker transit through the Strait…
News
A 14-point US-Iran memorandum of understanding reopened the Strait of Hormuz, sending Brent below $80 and WTI to ~$76. Meanwhile, the 10-year Treasury yield hit ~4.5% and markets are pricing a ~50% chance of a September Fed rate hike.
News
Citi slashed its Brent crude forecasts after the US-Iran framework deal pointed to Strait of Hormuz reopening — but gold rallied for a third straight session, with markets focused on easing inflation expectations rather than fading safe-haven demand.
News
Trump called off a planned strike on Iran and told reporters a peace deal is "essentially done." WTI tumbled more than 2% to $87.71, and Brent fell roughly 3% to $90.38 — erasing weeks of geopolitical risk premium in a single session.
News
Iran diplomacy headlines knocked WTI down 4% and Brent nearly 5%, ending the cleanest two-week energy trade of the year. The easy money is gone — now it's about figuring out who gives back the most before the next entry point.
News
A weekend media blitz on US-Iran backchannel talks wiped out two weeks of geopolitical risk premium in a single holiday session. Energy stocks are on the back foot; airlines, freight, and long-duration tech are catching a tailwind.
News
U.S. equity futures rallied across the board on Memorial Day as weekend reports of a U.S.-Iran diplomatic framework sent WTI crude tumbling more than 4% — unwinding two weeks of built-up Middle East risk premium in a single holiday session.
Macro
The oil price has already answered the question: WTI closed 5/18 at $103.45 with a $108.70 intraday spike as Persian Gulf energy facilities burn. Warsh confirmed 54-45, Powell stays as chair pro tempore, April CPI re-accelerates to +3.8% — and Tuesday's NSC meeting on Iran military…