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US Strikes Iran, KOSPI Breaks Support, Chinese Real Estate Collapses

US strikes Iran; Brent +6%, stocks fall, yields and USD rise, while AI and broader market fragility remain in focus.
8 July 2026

Heads of Desk: Top of Mind – Episode 55

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 07 July 2026
7 July 2026

Latest reports

The Sequel No One Asked For

The front-month Aug'26 DFL was already seeing bullish sparks, and price action was further boosted by renewed geopolitical tensions....
6 reports
8 July 2026

Brent rises as Trump says ceasefire with Iran is “over”

This marks the highest level for M1 Brent futures since 22 Jun, amid an escalation of conflict between the US and Iran...
8 July 2026

Brent Rises above $73/bbl as Tankers Hit In Strait

Hormuz tensions rise as tankers are hit; Omsk refinery halts after strike, while new pipeline routes gain attention.
7 July 2026

Hedge Of The Day

Brent/Dubai remains largely rangebound with no dominant market axe; Dubai spreads in deep contango
7 July 2026