Timeline
de-escalation
Reduction in conflict intensity; in energy markets, the unwinding of an embedded risk premium.
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#164 31 Jul
Brent gives back its escalation gain
Iran Conflict 2026#22 28 Jul
Urals into India narrows to $1-2
European Oil Markets#20 24 Jul
June's calm was borrowed, not banked
European Oil Markets#21 20 Jul
First net long of the rally on 06765T
European Oil Markets#26 13 Jul
TTF round-trips back above EUR 50
European Energy Markets#152 10 Jul
Qatari envoy reopens the Doha channel
Iran Conflict 2026#23 3 Jul
Hormuz stand-down has not reopened the strait
European Energy Markets#21 25 Jun
EUA carbon breaks EUR 80 as gas sags
European Energy Markets#132 18 Jun
CENTCOM ends Iran blockade a day early
Iran Conflict 2026#125 12 Jun
Brent drops below $90 on ceasefire bet
Iran Conflict 2026#111 28 May
Iran fires ballistic missile at Kuwait
Iran Conflict 2026#109 26 May
Iran war cabinet home, no deal signed
Iran Conflict 2026#89 4 May
Brent's kinetic premium settles at $6.81
Iran Conflict 2026#86 1 May
Brent falls $14.83 in a session
Iran Conflict 2026#82 27 Apr
Iran offers Hormuz first; US rejects
Iran Conflict 2026#80 25 Apr
Brent settles $105.33, war's biggest week
Iran Conflict 2026#77 23 Apr
Brent at $101.91 erases Trump ceasefire relief
Iran Conflict 2026#78 23 Apr
Trump extends Lebanon ceasefire three weeks
Iran Conflict 2026#41 17 Mar
Qatar expels Iran envoys over Ras Laffan
Iran Conflict 2026#40 16 Mar