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The Art of the Jawbone

Oil swings on Trump’s Iran rhetoric, but tight inventories and bullish positioning keep supply risks elevated.
Published: May 21, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
16 page report
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It was a lacklustre week in Brent futures until it wasn't.

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