Tony Sycamore

2026-04-302026-08-07

In coverage

Verbatim sentences from the source article.

June 2026
1 JunJoy Online
… Meanwhile, concerns are rising about mines in the key oil and gas shipping lane, the Strait of Hormuz, IG analyst Tony Sycamore said in a note. …
Oil prices rise more than 2% as Israel steps up incursion into Lebanon
May 2026
5 MayJoy Online
… was becoming a concern as supplies remained restricted. “With the world rapidly burning through commercial stockpiles, strategic reserves, and crude held in floating storage, the underlying supply squeeze remains a potent tailwind for oil prices,” IG market analyst Tony Sycamore …
Oil eases on signs US is loosening Iranian closure of Strait of Hormuz
April 2026
30 AprJoy Online
… ing Iran’s alleged nuclear weapons programme and Iran demanding some control over the strait and reparations for damage from the war. “Prospects for any near-term resolution to ‌the Iran ⁠conflict or a reopening of the Strait of Hormuz remain dim,” IG market analyst Tony Sycamore …
Brent oil rises 7% on report US considering military options to break Iran deadlock

Mining & Energy

Oil prices fall as Middle East tankers remain in transit

The News

Brent crude fell 1.42% to $89.45 a barrel and U.S. WTI crude fell 0.66% to $83.90 a barrel on Thursday as tankers continued to move out of the Middle East despite escalating U.S.-Iran tensions. Shipping data showed 39 commodity ships passed through the Bab el-Mandeb strait into the Red Sea on Tuesday, the highest number since July 19, as traders found alternative routes around the largely blocked Strait of Hormuz.

30 July 2026 · Joy Online →

Thursday 30 July

Oil prices fall as Middle East tankers remain in transit
Brent crude fell 1.42% to $89.45 a barrel and U.S. WTI crude fell 0.66% to $83.90 a barrel on Thursday as tankers continued to move out of the Middle East despite escalating U.S.-Iran tensions. Shipping data showed 39 commodity ships passed through the Bab el-Mandeb strait into the Red Sea on Tuesday, the highest number since July 19, as traders found alternative routes around the largely blocked Strait of Hormuz.
30 July 2026 · Joy Online →

Tuesday 28 July

Oil prices fall on US-Iran truce hopes, Brent at lowest since July
Oil prices extended declines as the U.S. suspended air strikes against Iran and both sides signalled openness to negotiations, with Brent crude down 1.66% to $86.89 per barrel — its lowest since July 20. The potential resolution eased concerns around regional conflict disrupting global energy flows.
28 July 2026 · Joy Online →

Monday 13 July

Oil prices surge 4% amid military strikes threatening Hormuz
Oil prices jumped over 4% on Monday as U.S. and Iranian military strikes escalated, threatening energy shipments via the Strait of Hormuz. Brent crude climbed to $79.11 per barrel while U.S. West Texas Intermediate rose to $74.36, with only six vessels transiting the strait on Sunday—the lowest in five weeks.
13 July 2026 · Joy Online →

Monday 22 June

Oil prices fall after US-Iran talks conclude in Switzerland
Oil prices declined on Monday following the conclusion of US-Iran talks in Switzerland, where Tehran said it had secured waivers for oil and petrochemical exports. Brent crude fell 1.90% to $79.04 a barrel, while West Texas Intermediate crude futures dropped to $76.53 a barrel.
22 June 2026 · Joy Online →

Thursday 18 June

US-Iran peace deal triggers fall in global oil prices
Oil prices fell after the U.S. and Iran signed an interim agreement to end the Iran war, reopen the Strait of Hormuz, and waive U.S. sanctions on Tehran's oil. Brent crude futures dropped 1.12% to $78.66 a barrel and U.S. West Texas Intermediate fell 1.28% to $75.81 a barrel as markets priced in a faster-than-expected return of Iranian barrels.
18 June 2026 · Joy Online →

Tuesday 16 June

Oil prices rise on US-Iran peace deal uncertainty
Oil prices rebounded on Tuesday amid concerns about the lack of details in a preliminary agreement to end the US-Iran war and uncertainty about how quickly the blocked Strait of Hormuz would reopen. Brent crude gained 0.3% to $83.42 a barrel and US West Texas Intermediate rose 0.3% to $81.12 a barrel.
16 June 2026 · Joy Online →

Friday 12 June

Oil prices fall as Trump cancels planned strikes on Iran
Brent crude fell $1.83 (2%) to $88.55 a barrel and U.S. West Texas Intermediate dropped $1.60 (1.8%) to $86.11 after U.S. President Donald Trump called off planned strikes on Iran on Thursday, citing progress in discussions that could lead to a peace deal reopening the Strait of Hormuz to shipping as soon as this weekend.
12 June 2026 · Joy Online →

Tuesday 9 June

Oil prices rise modestly as Iran-Israel tensions ease temporarily
Brent crude and U.S. West Texas Intermediate prices rose slightly after Iran and Israel halted attacks following an appeal from U.S. President Donald Trump, though investors remain uncertain whether the truce will hold given lingering geopolitical tensions and the possibility of resumed strikes.
9 June 2026 · Joy Online →

Friday 5 June

Oil prices edge down on US-Iran peace deal uncertainty
Brent crude fell 0.22% to $95.24 a barrel and U.S. West Texas Intermediate dropped 0.11% to $92.94 a barrel on Friday, as prospects for a near-term end to the U.S.-Israeli war with Iran dimmed following Hezbollah's rejection of a ceasefire in Lebanon. Both contracts are set to post their first weekly gain in three weeks, with WTI up more than 6%, amid Middle East tensions and concerns about falling global oil inventories.
5 June 2026 · Joy Online →

Tuesday 2 June

Oil holds gains amid US-Iran ceasefire talk uncertainty
Oil prices remained mostly steady on Tuesday as conflicting reports about US-Iran negotiations created market volatility, with Brent crude at $95.04 and West Texas Intermediate at $91.99 per barrel. President Trump said talks were ongoing and expected a ceasefire extension and Strait of Hormuz reopening within a week, while Tehran's news agency reported suspended negotiations.
2 June 2026 · Joy Online →

Monday 1 June

Oil prices rise 2% on escalating Israel-Lebanon conflict
U.S. crude futures rose 2.71% to $89.73 a barrel and Brent futures rose 2.37% to $93.28 a barrel after Israel ordered troops further into Lebanon in fighting with Hezbollah, despite a ceasefire announced more than six weeks ago. The escalation dimmed expectations for a U.S.-Iran ceasefire extension and raised concerns about mines in the Strait of Hormuz shipping lane.
1 June 2026 · Joy Online →

Tuesday 5 May

Oil prices fall as US Navy reopens Strait of Hormuz
Oil prices eased more than 1% on Tuesday after the U.S. Navy launched an operation to loosen Iran's closure of the Strait of Hormuz, with a U.S.-flagged vessel successfully exiting the Gulf with military escort. Brent crude fell to $113.22 per barrel and WTI crude to $104.40, though analysts cautioned the escorted passage remains a limited event rather than full reopening.
5 May 2026 · Joy Online →

Thursday 30 April

Brent crude rises on U.S. military options against Iran reports
Brent oil prices rose as much as 7% on Thursday following reports that the U.S. is considering potential military action against Iran to break a deadlock in nuclear negotiations, raising concerns about further disruptions to Middle East energy exports. The June Brent contract rose $6.81 to $124.84 a barrel, with both Brent and WTI benchmarks on track for their fourth consecutive month of gains.
30 April 2026 · Joy Online →