February Net Trailer Orders Down 43% As Bookings Fall 26%

Nine Potential Commodity Wildcards As "Once-A-Decade" Shocks Become New Normal A growing number of institutional desks sounded alarms over physical commodity markets this week as maritime chokepoint disruptions intensified across the Gulf. Goldman Sachs, RBC Capital Markets, JPMorgan, and others warned that a tightening physical market could keep Brent firmly in triple-digit territory and drive prices sharply higher if the disruptions persist. Joining the conversation was Citigroup Senior Commodities Strategist Eric Lee, who warned Thursday that commodity markets have entered an era of near-constant disruption, with geopolitical, climate, and technological shocks...

First Iranian Oil Moves Past US Blockade Ahead Of Deal Signing By Tsvetana Paraskova of OilPrice.com Iran’s first observed crude oil exports in two months have moved past the US blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with the United States. Following the announcement of the deal this weekend, and ahead of a formal signing ceremony expected in Switzerland on Friday, at least three Iranian crude oil tankers have exited the Strait of Hormuz and departed from...

The US and Iran have again traded as the region remains on the brink of full-scale war despite the nominal ceasefire between the two sides. Iran’s Islamic Revolutionary Guard Corps (IRGC) announced on Sunday that it shot down a US MQ-1 Predator drone that it said “entered Iranian airspace over territorial waters with the aim […]