Brent Steady As US And Iran Trade Strikes For Sixth Consecutive Night
Brent steady as US and Iran trade strikes; Hormuz transits lowest since May; Chinese airlines warn first-half losses
VINCENT WU
Research Associate, Flux
About Vincent
Vincent Wu is a Research Associate at Flux, where he produces client-facing research on global crude oil and refined products markets. He specialises in analysing financial flows, positioning, and market structure, leveraging proprietary data to deliver timely and actionable trade ideas. Vincent contributes to written research and presentations, including webinars covering key developments in energy markets.
He is a regular contributor to Flux podcasts and provides market commentary across professional and social media platforms, engaging a broad audience of energy market participants. Vincent holds an undergraduate degree in Geography from University College London and a master’s degree in Local Economic Development from the London School of Economics. His work focuses on translating complex data into clear market narratives and practical trading insight.
Posts authored by Vincent
It’s Not Coming Home (The Barrel, Through Hormuz)
Brent stabilises below $85 as backwardation returns. Dubai weakens sharply, while refining margins climb to record highs.
16 page report
Brent Stable As War Risk Priced In
Brent trades down to $84 with war risk priced in; US hits sanctioned vessel for the first time since reimposing blockade
Brent Poised Despite Trump Threats
Brent holds mid-$80s despite US-Iran strikes. Hormuz remains unsafe, while Chinese refining runs fall to six-year lows.
Wartime Regime
Internationals strengthen on renewed US-Iran hostilities; BLPG freight rates surge; Aug'26 CP rises by $100/mt
17 page report
Open Hormuz, Close Hormuz
Renewed US-Iran hostilities lift front Dubai spreads out of contango; selling flows focused in Q4 Brent/Dubai
Surprise from China
RBBR volatility and Chinese export increases cause big swings in gasoline
14 page report
Bullish Blender
Naphtha rally continues on blending demand and geopolitical risk; fund buying in Q4'26 NWE cracks
17 page report
Hungry for TACOs
US-Iran tensions escalate as strikes hit vessels and targets. Brent spikes $8 before easing as markets digest renewed volatility.
16 page report
Truce Abuse
VLSFO cracks rally on renewed US-Iran hostilities; diverging sentiment between pricing and prompt 380 spreads
Brent trades lower to $77 as US and Iran threaten further strikes
Brent traded lower to $77 even as the US and Iran launch strikes for a second day, threatening further military action
The Sequel No One Asked For
The front-month Aug'26 DFL was already seeing bullish sparks, and price action was further boosted by renewed geopolitical tensions....
6 reports