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I think I’ve seen this film before

We will need a more robust confirmation of a ceasefire. The longer such a confirmation takes, the more likely it is we won't see one...
Published: May 28, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
16 page report
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This week, traders in London had a bittersweet start amid the Spring bank holiday, coinciding with de-escalatory headlines over the weekend, which took M1 Brent down from $103.87/bbl on the previous Friday to an opening of $98.73/bbl on Monday...

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