The Quiet Re-Wiring: What April Did to the Non-Commodity Stack

Written By James Smith

Since the end of February, the commodity desk has had a busy diary. Israeli and US strikes on Iran on 28 February, the effective closure of the Strait of Hormuz, the 8 April ceasefire and a fragile compression of the conflict premium back through May have made wholesale gas the only story in the room.

James Smith
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