Episode 101: Russia bans diesel, Hormuz reignites. What breaks first?

Trade with Conviction · Jul 9, 2026 · 21m

June Goh hosts her first episode with Abhishek Kumar as the US-Iran ceasefire cracks and Hormuz transits collapse to near zero. They cover Brent flipping back to backwardation, Russia's diesel export ban, China's product relaxation, European cracks near 60, the ADNOC tender, and a short HOGO trade idea.

Get forward-looking insights straight to your inbox: https://www.spartacommodities.com/market-outlook-subscribe/?utm_source=podcast&utm_medium=podcast&utm_campaign=podcast

Chapters:

(01:45) Hormuz reignites and the ceasefire cracks Vessels attacked, US revokes Iranian oil license, transits…