Flux Markets | Sentiment Hits Boiling Point Skip to main content

Sentiment Hits Boiling Point

Brent slips as Iran risk fades; funds cut shorts, OI drops; risk assets fall; thin holiday liquidity ahead
Published: February 12, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
16 page report
Share

There has been little change in the geopolitical standoff between the US and Iran, which has paralysed the crude benchmarks, although M1 Brent futures sold off from nearly $70/bbl to $67.35/bbl on 12 Feb, suggesting the market is unwinding this tail-end risk premium.

Premium Content

To continue reading this page, please login or find our about our subscription options.

More News

Red is the colour of the day

Edition: Euro Edition
The market is getting crushed left and right folks!

Brent Falls to $67.50/bbl

Drone hits Lukoil refinery; Russia to send oil to Cuba; IEA trims demand view; India eyes US LNG; Iran deal hopes rise
4 page report

One for the record book!

Edition: Asia EditionVolume: 3Issue: 30
Massive Saudi allocations to China as oil flat price and OSPs are super cheap!

Brent to $69.25/bbl

China, India buy Venezuelan oil; IEA sees supply rebound, weaker demand; Inpex warns LNG boom may cause Asia shortfall by 2035.
4 page report