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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
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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....

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Our reports are now part of The Officials, and available exclusively on the Flux platform. Existing customers can Login to Flux to access them, or you can visit The Officials to sign up for free trial access.

Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Donna Dong

Research Analyst, Flux
Donna Dong

About Oil Market Report

A monthly premium report detailing key market factors and movements

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