Succinct's PROVE token reaches its first 12-month vesting lock with 100 million investor and contributor tokens scheduled to unlock, sparking discrepancies across public tracking platforms.
The newsletter argues that a wider disruption to Iranian oil flows could push crude sharply higher, with risks also building around the Bab el-Mandeb Strait and the Red Sea. It also highlights Iraq investment plans and bullish calls on several energy names.
Australia is expected to avoid a recession despite substandard growth, while living standards are set to languish. In UK politics, Nigel Farage resigns as MP but will fight a byelection. The World Cup saw Argentina come from 2-0 down to beat Egypt 3-2 with a Messi goal.
Economists believe Australia will avoid recession despite a projected contraction in GDP per capita, citing falling oil prices and a tax cut. While inflation and interest rates remain concerns, future growth is anticipated, boosted by datacenters and AI.
India is accelerating domestic oil and gas exploration following disruptions in the Strait of Hormuz. The country plans to bid out 250,000 sq km of unexplored areas to bolster its modest global production.
Goldman Sachs warns Southeast Asia could face a food supply shock due to rising oil and fertilizer prices from the Middle East conflict and a potential strong El Niño in late 2026. The bank estimates combined shocks could add 1-2.1 percentage points to food inflation.
The IEA predicts a potential oil surplus in 2027 due to a surge in supply volumes following a resolution to the Iran conflict, despite a recent erosion of global demand. Oil prices have fallen to a three-month low.
Japan relies on Malaysia for 15% of its LNG imports, making it a crucial supplier. This is important as Japan seeks to diversify from supply routes like the Strait of Hormuz.
Ryanair CFO Neil Sorahan expressed confidence in avoiding summer jet fuel shortages, despite Middle East conflict fears. However, he warned late bookings could lead to higher fares, with prices expected to be flat this summer. The airline reported record profits but suspended 2027 guidance.
The ECB may raise interest rates to combat inflation driven by the Iran war's oil supply shock, despite risks to the Eurozone economy, as even dovish policymakers lose confidence in a quick resolution.
Iran's armed forces are prepared to retaliate after President Trump rejected Tehran's ceasefire proposal, escalating regional tensions. The dispute over the Strait of Hormuz, a critical oil route, has already caused significant energy supply shocks and threatens global food security, with the UN warning of a potential humanitarian crisis.
The U.S.-Iran war and subsequent energy supply disruptions have prompted European nations to reconsider nuclear power as a vital, domestic energy source to ensure security and reduce reliance on volatile imports.
Supply shocks are driving up the price of oil. NPR's Ayesha Rascoe speaks to Kevin Book from ClearView Energy Partners about how the war in Iran is impacting the oil market.
The World Bank warned Wednesday that the US-Israeli war on Iran has triggered the biggest global energy supply shock on record, with attacks on Strait of Hormuz infrastructure cutting oil supply by about 10 million barrels per day. Energy prices will jump 24% to their highest since 2022, while overall commodity costs rise 16%, with fertilizer prices up 31% and metals hitting record highs. Under a severe disruption scenario, oil could average $115 per barrel.
Government request follows contingency planning to stop planes being grounded if Iran war supply shocks continueBusiness live – latest updatesBritish refineries have been asked to maximise jet fuel supply as part of government contingency planning, amid growing fears the Iran war will force planes to be grounded.Energy minister Michael Shanks said the government is closely monitoring UK jet fuel stocks and working with airlines, airports, fuel suppliers and other governments, as carriers face rocketing fuel costs as a result of the conflict. Continue reading...
Rolling coverage of the latest economic and financial newsUnicredit also have a note out on the oil market this morning, in which they warn:The Iran war has triggered one of the largest disruptions to physical oil supply in modern history. While de‑escalation could ease some geopolitical risk premiums, the damage to production, exports and logistics means markets are unlikely to quickly return to pre‑war conditions.We now assume a normalization in Gulf exports by end-June (vs. mid-May prior) and a slower Gulf production recovery. The economic risks are larger than our crude base case alone suggests because of the net upside risks to oil prices, unusually high refined product prices, products shortages risks, and the unprecedented scale of the shock.We assume that global oil demand falls on a year-over-year basis by 1.7mb/d in 2026Q2 and 0.1mb/d in 2026 given the jump in refined product prices. Because extreme inventory draws are not sustainable, even sharper demand losses could be required if the supply shock persists longer.Adverse scenario: Brent 2026Q4 would average just over $100 assuming Gulf exports only normalize by end-July.Severely adverse scenario: Brent 2026Q4 would average at nearly $120 assuming Gulf exports normalize by end-July and 2.5mb/d of persistent reduction to Gulf capacity. This 2.5mb/d of scarring is equivalent to Hormuz flows not recovering above 70% (till pipeline capacity is expanded).Benign scenario: Brent 2026Q4 would average just under $80 assuming Gulf exports normalize by mid-June, no capacity reduction, and stronger US and core OPEC supply responses. Continue reading...
Widely dispersed wind farms and solar panels are harder to target than fossil fuel power stations, Michael Shanks saysRenewable energy will boost the UK’s national security and make the country more resilient against potential aggression or sabotage, the government’s energy minister has said.Michael Shanks said widely dispersed wind farms and solar panels were much harder to target than large-scale fossil fuel power stations. They are also not vulnerable to supply shocks, such as the current oil crisis caused by the US-Israel war on Iran and the soaring gas prices that followed Russia’s invasion of Ukraine in 2022. Continue reading...
EU fossil fuel import costs have risen by over $28 billion since the Middle East conflict began, Energy Commissioner Dan Jorgensen has said Read Full Article at RT.com
RBI Governor Sanjay Malhotra said the central bank will stay agile in policymaking to ensure supply shocks triggered by the Iran war don't persist long enough to get embedded in the general price level. Addressing students at Princeton University on April 18, he said monetary policy's primary role is preventing this entrenchment through its influence on inflation expectations rather than through blunt demand compression. The war has severely dented supply of crude oil, natural gas and fertilisers, with West Asia contributing about a fifth of India's imports, half its oil imports and two-fifths of total fertiliser imports.
Qatar's Finance Minister Ali bin Ahmed Al Kuwari warned at IMF Spring Meetings that the global economy faces a deeper shock in coming months as the Strait of Hormuz standoff intensifies. He said the current energy crisis is 'the tip of the iceberg' and the full impact could be felt in the next couple of months, potentially shifting from rising prices to actual shortages. Around 30% of global helium supply and one-fifth of global energy supplies transit through Hormuz, while the Ras Laffan LNG facility was severely damaged, knocking out 17% of Qatar's export capacity.
