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Alan Gelder

  • Jun 15

    Oil drops over 5% after US-Iran deal, but analysts warn energy shock 'is not over' and recovery will take months

    Oil prices fell more than 5% and Asian equities surged Monday after the United States and Iran announced a framework agreement to end their war and reopen the Strait of Hormuz, though analysts warned the energy supply shock is not over and a full return to normal flows will take months.

Today’s Brief

Hormuz tolls and Spanish ashes

Trump escalates in Hormuz as Europe hardens defences and heat exposes brittle systems

The Gulf moved from danger to outright economic coercion, with American strikes, Iranian retaliation claims and a proposed fee on the world's most sensitive oil lane. Europe, meanwhile, answered insecurity with missile plans, cyber protests and more rules for technology at home.

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World · Updated 19m ago

Important

The Middle East after Gaza

The US-Iran interim agreement has collapsed into open confrontation, marked by renewed US airstrikes and naval blockades, Iran's closure of the Strait of Hormuz, and the first combat deployment of US naval drones.

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