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The Pressure of Impending Peace

Dubai collapsed on US-Iran peace hopes, while producer buying and short covering drove Brent/Dubai higher.
Published: June 16, 2026
Written by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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The Dubai market has declined over the past week, with the Jul’26 Dubai swap falling from $86.72/bbl on 09 Jun to $72.60/bbl as of the time of writing on 16 Jun.

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Written by

Donna Dong

Research Analyst, Flux
Donna Dong

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