Brent crude contango
Energy radar
This Week in Energy
IRGC warning
Hormuz tanker transits
Cushing inventories
Brent has given back the war. The futures price now says the crisis premium has gone. The physical system says something more complicated: tankers are moving, inventories are still thin and the IRGC is still trying to define the terms of passage.

Jun 25, 2026
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2 min read