Brent crude at highest level in three weeks

(The last time Brent traded above $110 a barrel was on April 7, before Trump’s announcement of a temporary ceasefire pushed prices down sharply. They fell to as low as $86.09 a barrel on April 17)

WTI at $99

BP Profits Double as Iran War Boosts Oil Traders

60-Day War Deadline is here

Some believe the 60-day clock started from the date hostilities began (which would make the deadline April 29), while others cite the text of the law to argue it’s 60 calendar days from the date the White House officially notified Congress (which would put the deadline at May 1).

https://edition.cnn.com/2026/04/25/politics/war-powers-act-trump-iran-war-congress-analysis

(Trump on May 1, Friday Night

JAPANESE TANKER IDEMITSU MARU IS ATTEMPTING TO CROSS THE STRAIT OF HORMUZ - SHIPPING DATA

IDF issues evacuation warning for about 15 villages in southern Lebanon ahead of an attack

WTI CRUDE FUTURES TRADE BACK ABOVE $100

JAPANESE TANKER IDEMITSU MARU CROSSED THE STRAIT OF HORMUZ

SAUDI ARAMCO EXTENDS SUSPENSION OF LPG DELIVERIES THROUGH MAY

UAE DECIDES TO EXIT OPEC AND OPEC+

Oil cartel:

UAE announces to exit OPEC and OPEC+ effective May 1, 2026

UAE ENERGY MINISTER, WHEN ASKED WHETHER SAUDI ARABIA WAS CONSULTED: WE DID NOT CONSULT DIRECTLY WITH ANYONE FOR THE DECISION

Trump: Iran has just informed us that they are in a “State of Collapse.” They want us to “Open the Hormuz Strait,” as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!). Thank you for your attention to this matter!

(instead of Axios, they deployed Trump this time Just minute before Market Open)

IRAN Mission to UN: Iran is not a party to the 1982 UN Convention on the Law of the Sea. Therefore, it is not bound by its treaty-based provisions.

China is poised to resume exporting jet fuel, gasoline and diesel from May, in a move that could significantly ease the worldwide shortages caused by the Iran conflict.

The country’s large state oil companies have applied for export permits to ship fuel in May, according to several trading sources, signalling that a ban that was introduced at the start of the war to protect domestic supplies may be relaxed.

Before the war began, China was exporting almost 800,000 barrels a day of refined fuels, according to data from Kpler. That total roughly halved in April.

(mr too predictable president the truth social strategy failed, SPX down ~1%, Oil Up, so deploy Axios immediately now!, Thank You)

Mediators in Pakistan expect to receive a revised proposal from Iran in the next few days to end the war, after US President Donald Trump indicated that he would not accept an earlier version, sources close to the mediation process told CNN.

(We got CNN instead)

Not expecting the UAE to FLOOD the market once the war ends and Hormuz flows resume. But will they will have the flexibility to produce higher than their prewar quota: Amena Bakr (Head of Middle East Energy at Kpler)

REUTERS, CITING A US SOURCE: THERE ARE MILITARY OPTIONS ON THE TABLE, INCLUDING AIR STRIKES ON IRANIAN MILITARY AND POLITICAL LEADERS