Tom Kool

The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world's reserve currency is losing its grip as a store of value.

Russia is considering a full ban on diesel exports as authorities scramble to stabilize the domestic fuel market amid refinery disruptions, rising

US-Iran talks and a 60-day sanctions waiver have eased supply fears, but traders remain cautious on the outlook for Iranian oil exports.

Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango.

Brent tops $73 as renewed U.S.-Iran strikes keep Hormuz on edge, leaving oil markets vulnerable to sharp summer price swings.

Oil prices remain stuck in a tight range as traders look past geopolitical headlines and wait for clarity on the fragile U.S.-Iran ceasefire.

Drone strikes in the Strait of Hormuz lifted oil prices as geopolitical risks resurfaced, even as weak physical crude markets continue to weigh on sentiment.

The end of the U.S. Iran waiver, tighter Russian diesel exports, and renewed Hormuz tensions are expected to tighten physical oil markets.

Tom Kool While financial desks obsess over paper structures and Brent crude briefly flirted with contango, the broader market is missing the forest for the trees.

Renewed U.S.-Iran strikes have revived the Middle East risk premium, lifting Brent above $76 as traffic through the Strait of Hormuz slows and supply disruption fears return.