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Morning Highlights: Brent Crashes 14% to $93 on Trump-Iran Ceasefire; Iranian Navy Still Demanding Permission to Transit Hormuz, Attacks Continue
Wednesday, April 8, 2026 Market Snapshot Brent (June) $93.77 | WTI (May) $94.40 Brent -15.50 (-14.2%), WTI -18.55 (-16.4%), both back below $100 for first time since early March. European diesel -$271.50 (-17.8%) to $1,256.25 per metric ton. Trump announces two-week ceasefire subject to immediate Hormuz reopening; Iranian navy still requiring ships to request permission to transit; Kuwait and UAE report fresh Iranian drone and missile attacks after ceasefire announcement. Bot
ltaylor880
3 hours ago4 min read
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Morning Highlights: Brent at $110, WTI Hits $116 High as Trump Midnight Deadline Looms; Iran Rejects Ceasefire, Demands Permanent End to War
Tuesday, April 7, 2026 Market Snapshot Brent (June) $110.67 | WTI (May) $114.73 WTI session high $116.08, a four-week high. WTI continues to trade at premium to Brent reflecting near-term physical scarcity. Saudi Arab Light OSP to Asia at record $19.50 over Oman-Dubai. Trump deadline of 8 PM EST tonight for Iran to reopen Hormuz or face destruction of every bridge and power plant in Iran; Iran rejects ceasefire, demands permanent war end; UN Security Council resolution watere
ltaylor880
1 day ago5 min read
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Morning Highlights: Brent Holds at $108 as Iran Rejects Immediate Hormuz Opening, Ceasefire Talks at Dead End
Monday, April 6, 2026 | 6:30 AM ET Market Snapshot Brent (June) $108.48 | WTI (May) $110.64 Session lows Brent $106.85, WTI $108.89. Follows Thursday's 11% WTI and 8% Brent surge, biggest absolute gain since 2020. WTI now trading above Brent, reflecting extreme Atlantic Basin physical tightness. Iran rejects immediate Hormuz reopening, calls ceasefire a trap to regroup; WSJ reports Islamabad talks dead; OPEC+ 206,000 bpd May increase called academic; Saudi Arab Light OSP to A
ltaylor880
2 days ago5 min read
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Morning Highlights: Brent Surges 7% to $108 as Trump Vows to Hit Iran Extremely Hard; Europe Diesel Hits $200/bbl, Britain Chairs 35-Nation Hormuz Coalition Talks
Thursday, April 2, 2026 | 6:00 AM ET Market Snapshot Brent (June) $108.08 | WTI (May) $107.65 Brent +6.92 (+6.8%), WTI +7.53 (+7.5%), biggest daily gains in three weeks. Europe diesel futures hit $1,498 per ton, above $200 per barrel, up nearly 10% on the session and almost double pre-war levels. Trump vows to hit Iran extremely hard over next two to three weeks with no ceasefire mention; Britain chairs 35-nation Hormuz coalition meeting; QatarEnergy tanker struck by Iranian
ltaylor880
6 days ago5 min read
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Morning Highlights: Brent Drops to $103 as Trump Says War Could End in Weeks Without a Deal; OPEC Output Down 7.3 Million bpd in March, Asia Scrambles for U.S. Crude
Wednesday, April 1, 2026 | 6:30 AM ET Market Snapshot Brent (June) $103.61 | WTI (May) $100.51 Brent session low $98.35, WTI session low $96.50 before partial recovery. Brent down roughly $3 Tuesday on Iran president war-end reports, extending losses Wednesday. Trump says U.S. could end military campaign in two to three weeks without requiring Iranian deal; OPEC output down 7.3 million bpd in March; Asian refiners buying U.S. crude at unprecedented pace; PetroChina ships rare
ltaylor880
Apr 14 min read
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Morning Highlights: Brent at $115, Heading for Record Monthly Gain of 60%; Houthis Open Red Sea Front, Saudi Yanbu at Full Capacity, Trump Eyes Iranian Oil Seizure
Monday, March 30, 2026 | 6:15 AM ET Market Snapshot Brent (May) $115.19 | WTI (May) $101.51 Brent +2.62 (+2.3%), WTI +1.87 (+1.9%). Brent up 60% in March, steepest monthly gain in LSEG records back to 1988, exceeding the 1990 Gulf War. WTI up 52% for its biggest monthly gain since May 2020. Houthis launch first Red Sea attacks of the war; Saudi East-West pipeline at full 7 million bpd capacity; Trump tells FT he wants to seize Iranian oil and take Kharg Island; South Korea we
ltaylor880
Mar 305 min read
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Morning Highlights: Brent at $110 as Trump Extends Energy Strike Pause to April 6; Baltic Ports Hit Again, Macquarie Raises $200 Scenario if War Extends to June
Friday, March 27, 2026 Market Snapshot Brent (May) $110.40 | WTI (May) $96.59 Brent +2.39 (+2.2%), WTI +2.11 (+2.2%). Brent down 2.1% on the week, WTI down 2.3%, first weekly decline since February 9. Brent up 52% since the war began February 28, WTI up 43%. Trump extends energy infrastructure strike pause to April 6; Ukraine hits Baltic ports for fourth time this week; UAE pushes for multinational Hormuz Security Force; Iran calls 15-point plan one-sided and unfair. Bottom L
ltaylor880
Mar 275 min read
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Morning Highlights: Brent Drops Below $100 on 15-Point Peace Plan; Iran Military Rejects Talks as Ukraine Hits Russian Baltic Ports Again
Wednesday, March 25, 2026 Market Snapshot Brent (May) $99.24 | WTI (Apr) $87.71 Brent -5.25 (-5.0%), WTI -4.64 (-5.0%), session lows $97.15 and $86.59 respectively. U.S. 15-point plan sent to Iran triggers ceasefire hopes; Iran's military command flatly rejects negotiations; Ukraine strikes Russian Baltic ports again; Valero Port Arthur restarting; India books 60 million barrels of Russian crude for April. Bottom Line Wednesday's sell-off is the market pricing a ceasefire tha
ltaylor880
Mar 255 min read
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Morning Highlights: Brent Back Above $100 as Iran Denies Talks, Launches Fresh Missiles at Israel; Valero Port Arthur Down, UN Resolution Deadlocked
Tuesday, March 24, 2026 Market Snapshot Brent (May) $101.60 | WTI (May) $90.52 Brent +1.66 (+1.7%), WTI +2.39 (+2.7%), partially reversing Monday's 10%-plus collapse after Trump's power plant pause briefly sent prices below $100. Iran denies negotiations, launches fresh missile waves at Israel; Valero Port Arthur 380,000 bpd refinery shut after explosion; Saudi Aramco cuts Asian supply for second consecutive month. Bottom Line Monday's 10% drop was a relief rally built on a
ltaylor880
Mar 244 min read
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Morning Highlights: Brent Spikes to $119 as Iran Strikes Qatar LNG, Saudi Refineries, Kuwaiti Facilities in Sweeping Retaliation
Thursday, March 19, 2026 Market Snapshot Brent (May) $114.09 | WTI (Apr) $96.45 Brent session high $119.13, WTI briefly touched $100.02 before pulling back. Brent-WTI spread at widest in 11 years. Israel strikes South Pars; Iran retaliates across the Gulf hitting Qatar LNG, Saudi Yanbu, UAE Habshan and two Kuwaiti refineries; Trump threatens to destroy South Pars entirely if Qatar is struck again. Bottom Line This is the session where the war stopped being primarily an oil su
ltaylor880
Mar 194 min read
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