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Episode 96: Peace deal merry-go-round continues
Felipe Elink Schuurman hosts Neil Crosby and first-time guest Jay Maroo. The episode covers the stalled US-Iran peace process, Hormuz transit at 10% of pre-crisis levels, Indian and Chinese product exports collapsing, Cushing approaching its 20 million barrel floor, and why crude, distillates, and gasoline all look too cheap.
Chapters:
(01:15) Sleepwalking into the inventory crisis
Lebanon complicates the Iran deal; Brent under $100 despite accelerating US commercial crude draws.
(06:00) Hormuz: 10% of pre-crisis flows
Jay Maroo: even a peace deal won't reopen flows quickly — Hormuz is a…
The skinny
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