13 June 2025: 09:30 BST
The drums of war are rolling across the Middle East again. Israel bombed Iran. The signs were there to see, from the pull out of American personnel from the embassy in Iraq to persistent buying of high strike call options and rising flat price ahead of the actual strikes. But some of us felt reason would prevail – big error in thinking – that nothing of significance would happen on the TACO Thursday night Washington/Friday the 13th in other areas of the world. Iran is a big place and it would take a massive effort to move the needle, so we felt the action would not happen because any pinprick would be futile.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
