·6 min read
The Most Crushing Sanctions Ever Announced, and Oil Fell 6.5%
Washington announced a global sanctions plan against Iran on Monday. Brent ended the week at $88.29, down 6.5%, its risk premium bleeding out instead of rising.
·6 min readThe 60-Day Clock Ran Out and Brent Went Through $91
The Versailles deadline expired on 17 August with no deal and no extension. Brent went above $90 to $91.36, and the Strait of Hormuz stayed shut.
·8 min readRuslan Averin: Brent at $105 and the Recession Signal Markets Are Ignoring
Brent crude is at $105 — 40% above pre-conflict levels. Ten of the last twelve recessions were preceded by oil price spikes. Here's why markets are underpricing this signal.