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#oil markets

2 stories tagged oil markets, newest first.

Wednesday, June 3, 2026

$155 Billion Just Vanished From Global Markets in 24 Hours & The Reason Is Sitting in the Persian Gulf.
Over the weekend, the US bombed Iranian radar and drone sites. Iran retaliated against a US air base. Kuwait's army confirmed intercepting hostile missiles on Monday morning. Roughly $155 billion in global equity market value vanished within 24 hours. The Strait of Hormuz remains closed. The MOU remains unsigned. And the most dangerous part of this story has not yet been priced.
Market Authority10 min read

Saturday, May 30, 2026

Brent Just Had Its Worst Month Since Covid. The Deal Is Not Signed.
Oil dropped 19 percent in May 2026 on ceasefire optimism, but the Strait of Hormuz remains closed, the MOU awaits Trump's signature, and Iranian forces fired missiles at Kuwait on Thursday. Southeast Asian traders are sitting inside the most asymmetric energy market setup of the year.
Market Authority8 min read