What Would Be Truly Bullish? Actually Fixing What's Broken

Where Will This All/Diesel End Up? By Michael Every of Rabobank Underlining how markets are now driven by geopolitics and geoeconomics, it’s all big names, big games, and big trades today. The UN general assembly is in session as the Wall Street Journal notes, ‘World leaders almost all agree on one thing: the UN is failing.’ Xi will also visit Trump: will those talks achieve anything substantive? Oil is down on hopes for ‘peace in our time.’ The Saudi east-west pipeline will start again at lower capacity, China warned the Houthis...

Somali Piracy Surges Amid Hormuz Blockade Authored by Alex Kimani via OilPrice.com, The effective closure of the Strait of Hormuz has forced hundreds of commercial ships onto longer routes around Africa, and Somali pirates are moving quickly to exploit the sudden increase in traffic off the continent’s eastern coast. Oil tankers MT Honour 25, MT Eureka and MT Asana were hijacked in the Gulf of Aden and off Puntland between April and July 2026, the largest attacks by Somali pirates in years. The Iran war has now delivered these groups more targets, spread...

Iranian officials were in Doha on Sunday for the third day of talks with Qatari mediators on a potential deal to open the Strait of Hormuz as the US and Israel continue to prepare for renewed attacks on Iran. Iranian Foreign Minister Abbas Araghchi confirmed that Iran was continuing talks with Qatar but that it […]