Gulf Intelligence Podcasts PODCAST: Daily Energy Markets- June 16th
Jun 16, 2025
Join Omar Najia, a savvy derivatives trader at BB Energy, Adi Imsirovic, director at Surrey Clean Energy, and Niamh McBurney from Control Risks as they dissect the ripple effects of the Israel-Iran war on global oil prices. They discuss the intriguing stability of oil prices despite rising tensions and the significance of the Strait of Hormuz. The experts dive into the implications of a recent 12% spike in Brent crude and explore the delicate balance required to navigate energy markets amidst ongoing conflicts.
AI Snips
Chapters
Transcript
Episode notes
Market Underestimating Conflict Risks
- The current oil market underestimates the risks from the Israel-Iran war, with prices not fully reflecting potential escalation.
- Significant surprises could push prices much higher as traders realize the conflict's depth and duration.
Oil Market Cautious on Immediate Risks
- Markets have not spiked sharply because major oil supply chokepoints like the Strait of Hormuz remain open.
- Iran still depends on refined imports for domestic consumption, limiting its ability to escalate by targeting energy infrastructure.
Trade Long Amid High Uncertainty
- Traders should avoid short positions and consider going long due to high uncertainty and risk of escalation.
- The spread between Brent and Dubai crude suggests tightening market conditions that could push prices higher over time.