Daily Bulletin

Good morning. The news flow regarding the war environment appears to be relatively calmer. Reports suggesting that Iran and Oman are working on a protocol for the joint control of traffic and safe passage through the Strait of Hormuz are drawing attention. However, the reported strike on a bridge under construction in Iran, and Iran’s response by sharing a list of bridges in other countries across the region,...
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Good morning. In his national address, U.S. President Trump said that operations against Iran could come to an end within 2–3 weeks. However, his remark that attacks on infrastructure facilities could intensify has pushed oil prices back toward the USD 105–110 range and is weighing on markets this morning, following yesterday’s positive close in U.S. and European equities. Asian markets are also posting notable...
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Good morning. The perception that Middle East-focused tensions may be approaching an end is supporting global markets. Yesterday, remarks from U.S. President Trump drew attention, suggesting that the war could come to an end within 2–3 weeks even in the absence of any ceasefire or peace agreement. At the same time, we continue to follow reports that troop deployments are ongoing and that a third U.S. aircraft...
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Good morning. Recent messages from the US suggesting that some issues with Iran may have been agreed upon, along with comments that the war could be brought to an end even if the Strait of Hormuz remains closed, are supporting US and European futures this morning. In line with these developments, oil prices are also down by around 1–2% compared to yesterday’s average levels, although they continue to hold above USD...
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Good morning. As Middle East-focused tensions persist, the Houthis in Yemen becoming involved in the conflict, rising expectations of a ground operation, the absence of the widely rumored weekend ceasefire, and the continuation of mutual attacks are all continuing to push oil prices higher. Gains of around 3–4% compared to Friday’s closing levels are also causing global equities to start the week on a weaker...
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Good morning. Despite U.S. President Trump’s decision to suspend attacks on Iran’s infrastructure for ten days, until April 6, oil prices continue to hold above USD 100. Following yesterday’s sell-off in U.S. and European equities, futures are in positive territory this morning; however, we do not think markets are fully convinced that tensions in the Middle East are easing. Given factors such as troop deployments...
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Good morning. We are in an environment where reciprocal ceasefire terms are being floated between the US and Iran, but formal negotiations have not yet begun and geopolitical tensions remain elevated. Due to the contract rollover, active oil contracts are trading around USD 98–100 per barrel, while we are seeing gains of 0.70% to 1.5% across all maturities compared to yesterday. Equity markets in the US and Europe...
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Good morning. The ongoing tension between the U.S./Israel bloc and Iran eased somewhat overnight following messages from the U.S. and claims that ceasefire talks could take place tomorrow. Brent crude fell from around USD 100 to nearly USD 95, while U.S. and European futures, as well as Asian equities, are trading notably higher this morning. However, reports suggesting that Iran is unlikely to accept the 15-point...
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