MNI Commodity Weekly - Middle East and Iran Back in Focus

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Executive Summary:

• Middle East and Iran Back in Focus: Washington sanctions on Iran are slowly ramping up though China workarounds are emerging. Meanwhile, the Middle East backdrop flares up again following the breakdown of the Israel ceasefire and U.S./Houthi escalations.
• Oil Markets:  Crude prices pulled back from a peak on March 18 weighing hopes of a Ukraine peace deal, rising supply and US tariffs concerns with rising geopolitical risks and China support measures. US gasoline and diesel spreads have seen a recovery in recent days after declines in early March.
• Analyst Views: See oil market views by biggest names in industry.