Commodities Chart Pack Commodities Chart Pack (Apr. 2026) It is early days into this ceasefire and there is huge uncertainty around whether it holds and, if it doesn’t, what it means for future negotiations and strikes on energy facilities. For what it’s... 10th April 2026 · 1 min read
Commodities Weekly Unpicking the energy market implications of the ceasefire Energy prices plunged following the announcement of the ceasefire earlier in the week, but the fragile status of the truce and the fact that very few ships have passed through the Strait of Hormuz in... 10th April 2026 · 7 mins read
Commodities Update Brent-WTI spread would normalise if Iran conflict ends The conflict in Iran has distorted the spread between Brent and WTI crude oil prices. But if the recently agreed ceasefire holds and oil starts flowing more freely through the Strait of Hormuz, we... 9th April 2026 · 3 mins read
Global Economics Update The economic consequences of a tax on Hormuz trade A tax on shipping through the Strait of Hormuz would be unlikely to have major near-term implications for global energy markets, trade or wider economic activity. But depending on how it is structured... 9th April 2026 · 4 mins read
Event Drop-In: What the Middle East ceasefire means for macro and markets 8th April 2026, 11:30AM BST There’s been a strong positive reaction to news of a two-week ceasefire between the US, Iran and Israel, but what does this mean for the economic and market outlook, and how far can conditions reco
Global Economics Update The indirect inflation effects of higher energy prices Beyond their direct effects on consumer prices of fuels and piped gas, higher crude oil and natural gas prices will prompt firms to pass on higher fuel costs to consumers, boosting the prices of non... 2nd April 2026 · 7 mins read
Emerging Europe Economics Weekly Policymakers look to cushion the energy price shock The policy support measures announced by governments in Central and Eastern Europe to cushion households from higher energy prices should help to limit the rise in inflation over the coming months... 2nd April 2026 · 8 mins read
Europe Economics Weekly Italy’s borrowing costs in the spotlight again The rise in energy prices and the slight loss of popularity of Giorgia Meloni’s government have caused Italy’s bond yields to rise more than France's since the start of the Iran conflict. We now think... 2nd April 2026 · 8 mins read
Equities Update Reasons for caution on US energy equities The energy sector has been the strongest performing sector of the S&P 500 since the conflict in the Middle East began, but our baseline assumption is that most of this outperformance will unwind over... 31st March 2026 · 4 mins read
Global Economics Update What are the potential implications of Houthi Attacks? While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited, the impact on Asian economies that rely more heavily on oil imports from Saudi... 31st March 2026 · 4 mins read
Africa Economics Update Oil gains lift Angola and Nigeria, but Mozambique strained The surge in energy prices from the Middle East conflict will boost incomes in Angola and Nigeria and upcoming elections and persistent spending pressures mean that much of the windfall is likely to... 31st March 2026 · 5 mins read
Event Commodities Drop-In: How the Middle East conflict has changed the price outlook 9th April 2026, 3:00PM BST News of a ceasefire in the Middle East has sparked a strong positive response in commodity markets, but there is no shortage of uncertainty about what comes next.
Commodities Update Q&A: the oil supply chain from the Middle East This Update considers the broader implications of the Middle East war on the crude oil and petroleum product supply chain from the Middle East onwards. At the very end of the supply chain, Oceania and... 27th March 2026 · 3 mins read
Commodities Weekly Certainty and conviction in short supply among energy execs The latest Dallas Fed survey suggests that US energy executives are cautiously optimistic about the near-term outlook, but it also underlines how the lack of certainty is complicating investment... 27th March 2026 · 6 mins read
Commodities Update What to know on energy markets & demand destruction With the global economy potentially facing the largest energy supply shock in history, this Update considers how the oil market may adjust to a new equilibrium in the medium-to-long term. 23rd March 2026 · 4 mins read
