April 16, 2026

Oil & Gas – Trump Can't Get a Handle on Iran

Middle East Tensions: Financial markets are pricing in de-escalation, while physical shortages and supply risks are on the rise.
TTF price: At EUR 42/MWh, the active TTF monthly contract is currently trading below the Asian JKM benchmark.
Global LNG Market: Low EU gas inventories are intensifying buying pressure in an already tight global LNG market.
Oil Market Supply: Limited Iranian exports are exacerbating the global supply shock and are also affecting China.
Brent Price Trends: Stabilization around $100 per barrel masks growing shortages and structural supply risks.