Brent crude has jumped more than 9% since Monday, rising back towards USD 79 per barrel as renewed US-Iran tensions revive supply concerns and force a rethink among hedge funds that had recently cut bullish exposure to near-historic lows. The latest rally followed US strikes on targets in Iran
Ceasefire
The war may be paused, but we expect several effects to linger across four fronts: energy pricing, shipping/logistics, inventories, and market risk premia. Even after a ceasefire, Hormuz does not normalize overnight. Market prices adjust much faster than physical flows, and shipping firms may need time just to regain confidence, with port activity taking about […]











