WS #15683
President Trump has announced an "energy ceasefire" between Ukraine and Russia, leading to an immediate pause in Ukrainian drone strikes on Russian oil refineries. President Zelensky has signaled readiness to reciprocate if Moscow stops striking Ukrainian energy infrastructure. This development significantly dampens the bearish thesis on global energy supplies and crude prices, potentially capping Brent crude upside despite ongoing Houthi threats in the Red Sea. Despite the Ukraine ceasefire, tensions in the Middle East remain elevated. Houthi forces launched a missile attack on Riyadh's King Khalid International Airport, injuring two Uzbek citizens, while Israeli interceptors engaged targets over southern Lebanon. Goldman Sachs warns Brent crude may stay above $100 a barrel due to these persistent supply risks, preventing a full risk-on rally in equities.
Energy Ceasefire and De-escalation
President Trump has announced an "energy ceasefire" between Ukraine and Russia, leading to an immediate pause in Ukrainian drone strikes on Russian oil refineries. President Zelensky has signaled readiness to reciprocate if Moscow stops striking Ukrainian energy infrastructure. This development significantly dampens the bearish thesis on global energy supplies and crude prices, potentially capping Brent crude upside despite ongoing Houthi threats in the Red Sea.
Despite the Ukraine ceasefire, tensions in the Middle East remain elevated. Houthi forces launched a missile attack on Riyadh's King Khalid International Airport, injuring two Uzbek citizens, while Israeli interceptors engaged targets over southern Lebanon. Goldman Sachs warns Brent crude may stay above $100 a barrel due to these persistent supply risks, preventing a full risk-on rally in equities.