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The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 25 August 2026
Druckenmiller on Bessent, Gold Rally, Trump Escalates Canadian Trade War
Gold surges as China demand, Newmont soars 45%; Trump doubles Canada tariffs while Druckenmiller flags 30Y yield as fiscal check.
LATEST REPORTS
Brent falls alongside Iranian-Omani plan to de-mine the Strait of Hormuz
Oman and Iran have agreed on a proposed framework to resume safe navigation through the Strait of Hormuz...
The Big (Brent/Dubai) Short
Selling flows were concentrated in the Q4'26 region, and the bearish sentiment filtered into Sep'26....
Dated Gets Dragged
Midland dominates Brent trade as Exxon, Shell, Totsa lift cargoes; PetroIneos-Totsa deal sparks bounce, but Chinese selling pressures curve.
Brent drops $3.50 after new US sanctions
US tightens Iran sanctions, Ukraine hits Russian energy sites, while tanker strike raises Hormuz risk.