The Sanctions Waiver Expires in Seven Days and Nobody in Islamabad Is Talking About It
The Iranian oil sanctions waiver expires April 19 and none of the Islamabad ceasefire negotiators have put it on the table.
Economy
The $36 Oil Gap Will Not Close Until Someone Clears the Mines
Mine clearance in the Strait of Hormuz is the first tangible test of whether the $36 gap between futures and physical oil will narrow.
500 to 700 Ships Stuck in the Gulf and Mines Are Not the Main Problem
Up to 700 ships sit idle in the Gulf because insurers, not mines, are the real barrier to Hormuz transit.
CENTCOM Promises a Safe Pathway and the Shipping Industry Stays Silent
CENTCOM sent two destroyers through Hormuz and promised a safe lane — the shipping industry responded with silence.
Brent Crude Sits at $97 as Markets Wait for Physical Proof the Strait Works
Brent crude rebounded to $97 after mine clearance began but physical oil markets remain in acute stress.
Ceasefire Day 5 Still Has Not Reached African Gas Stations
Five days into the Iran ceasefire, fuel queues across sub-Saharan Africa remain unchanged because physical delivery takes weeks, not hours.