Report: Trump’s Gaza Peace Process Put on Hold By War in Iran

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

Tuesday’s direct talks between Israel and Lebanon were held with a lot more fanfare than they had consequence, and ended without a meaningful deal being agreed, and with Israel not even really slowing their attacks while the conversations were ongoing, let alone after. Continuing Israeli attacks deep into Lebanese territory, inflicting civilian casualties, are fueling […]

Macquarie: Two More Months Of War Could Send Oil To $200 Submitted by Tsvetana Paraskova of OilPrice.com  Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned.  The odds of the Iran war dragging on until June were put at 40% by the analysts in a note carried by Bloomberg. But the scenario of the war ending by the end of March currently appears more plausible, with odds at 60%, according to Macquarie.    “If...