Flux Markets | Tick Tock on the Geopolitical Clock Skip to main content

Tick Tock on the Geopolitical Clock

January 2026 saw a remarkably bullish start to the oil market, with Brent pushing above $70/bbl even as the prevailing consensus had...
Published: February 2, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
16 page report
Share

January 2026 saw a remarkably bullish start to the oil market, with Brent pushing above $70/bbl even as the prevailing consensus had been for a record surplus this year. The key catalyst has been the emergence of a geopolitical risk premium amid heightened tensions over Iran....

Premium Content

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

Related News

Turning the risk down?

Conflicting messages from the US have created market uncertainty. Thus, we expect the CFTC COT report on 03 Apr to show....
8 page report

Brent Rangebound at $108.86/bbl

Russia sends oil to Cuba; India cuts petrochemical taxes, Czech caps fuel prices, OPEC+ may boost output.
4 page report

Brent Rallies To $108

Brent rallies by nearly $10 after Trump address to nation; Venezuela oil exports surpass 1mb/d; China exports rare crude cargo
4 page report

Brent Falls to $101.94/bbl

Brent dips; Russia exports hit, tankers tight, China resells LNG, Asia turns to Russian oil, easing supply shock.
4 page report

More about Donald Trump

Pendulum Swings

The closure of the Strait of Hormuz and disruption of feedstock flows have compounded supply tightness concerns in the Asian petrochemical..
17 page report

Who’s keeping count?

Edition: Euro Edition
Quiet North Sea, jumpy flat price and loudmouth Trump all in one day!

Guess who’s back!

Edition: Asia Edition
OPEC rumours regarding the supply gun came out and flat price took a hit. Meanwhile, India's Russian appetite is still a question

Red is the colour of the day

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