GEOPOLITICAL & MARKETS INTELLIGENCE — September 4, 2026
Hormuz de-escalation odds fall as transit volumes stay depressed, while Germany’s storage deficit and record distillate tightness deepen Europe’s winter convexity.
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Geopolitical & Markets Intelligence
Versioned daily briefs focused on material changes in geopolitics, physical energy flows and cross-asset market transmission.
GEOPOLITICAL & MARKETS INTELLIGENCE — 3 September 2026
Hormuz risk is shifting from a binary closure story toward a coercive, partially adaptive corridor, while German grid sabotage adds a new non-fuel power-risk premium and China demonstrates faster crude-supply…
Read brief →GEOPOLITICAL & MARKETS INTELLIGENCE — 2 September 2026
Hormuz has shifted from a simple closure story to an attack-exposed, intermittently flowing corridor: the key European energy question is now which escalation path dominates, and how to express it…
Read brief →GEOPOLITICAL & MARKETS INTELLIGENCE — 1 September 2026
Renewed U.S.–Iran strikes have turned the still-impaired Hormuz corridor back into the dominant energy risk, lifting oil and bond yields while refined-product and LNG constraints remain unresolved.
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