Daily Bulletin

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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Good morning. US President Trump’s decision to extend the 48-hour deadline given to Iran by another five days provided some relief to global markets. Following the announcement, Brent crude oil prices fell from USD 110 to as low as USD 93, while global equities saw notable buying interest. However, with the Iranian side stating that no talks have taken place and it becoming clear that the war environment is set to...
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Good morning. Tensions in the Middle East remain elevated. The 48-hour deadline given by the US to Iran, along with mutual threats to strike energy infrastructure, is weakening the view that the conflict could come to an end in a short period of time. As oil prices remain in the USD 105–110/bbl range, we also observe that global equities continue to trade under significant pressure. Following the sharp sell-off...
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Good morning. The strike on the gas fields jointly used by Iran and Qatar in the Persian Gulf is leading to a renewed increase in energy costs. Brent crude, which had moved below USD 100 following the reopening of the Iraq–Türkiye oil pipeline, is now heading toward USD 110 in the wake of the latest developments. Following yesterday’s sell-off in U.S. and European equities, futures are also in negative territory...
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On the 111th anniversary of the Çanakkale Naval Victory on March 18, 1915, we respectfully and gratefully remember Gazi Mustafa Kemal Atatürk and all of our heroic martyrs. Good morning. An agreement between Türkiye and the Iraqi Central Government on oil flows to Ceyhan via the pipeline network is pushing oil prices back below the USD 100 mark. Following yesterday’s positive close in U.S. and European equities,...
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Good morning. Global markets remain focused on US–Iran tensions, with yesterday’s developments highlighting the US request for support from Europe and some Asian countries, while the lack of a clear timeline for the conflict—paired with the message of “not this week, but soon”—also stood out. In addition, speculation about communication between Iranian Foreign Minister Araghchi and US Special Envoy Witkoff (later...
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