Saul Kavonic

"The market isn't panicking. There is more clarity that so far, oil transport and production infrastructure hasn't been a primary target by any side."

"The market isn't panicking."

"While a ceasefire is in place, it is still unlikely that energy production in the Middle East will fully resume until there is confidence of a lasting peace deal."

"oil prices are not as high as they normally would be given the scale of disruption to supplies because traders still hope shipments will resume soon."

"Oil markets continue to gyrate in response to oscillating social media posts by the US and Iran, rather than the realities on the ground which remain challenging for oil flows to resume in a rapid fashion."