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Heads of Desk: Top of Mind – Episode 61

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 18 August 2026
18 August 2026

JGB Yields Push, US 10-Year Treasury Yield Reaches Highs, UK Unemployment

JGB yields hit 30-year highs as yen weakens; US yields climb on inflation fears, equities slide, UK wages stay firm.
18 August 2026

LATEST REPORTS

Brent supported near $92/bbl as Trump threatens economic warfare

Trump threatens Iran’s lifelines as Hormuz corridor moves 10mb/d; China buys Iraqi crude, while Ukraine hits Russian oil infrastructure.
20 August 2026

Brent sees support on continued supply uncertainty

Oil shipments from Russia's western ports have fallen to 2.3mb/d in 1H August, 15% short of the initial loading plan amid disruptions....
19 August 2026

Back to the (Volatile) Futures

There is strong short-term bearish momentum in the Dated physical, but this may lead to prompt structure being oversold...
6 reports
19 August 2026

Brent supported above $90/bbl as Iran weighs strikes on military targets in Europe if Trump escalates

Brent trades up to $92/bbl; Iran weighs strikes on US military targets in Europe if war escalates; shipping slows through Strait of Hormuz
19 August 2026