Markets reacted sharply to Iran allowing commercial vessels to go through the Strait of Hormuz. Despite this signal, last shipments from the Gulf have arrived across Europe, Asia and the US, while significant infrastructure shut-ins persist across the Middle East. With much uncertainty still in the air, in this episode we answer the market’s most pressing questions, as well as discuss the recent supply and demand observations in oil and aluminum.

Speakers: 

Otar Dgebuadze, European Natural Gas

Artem Fakhretdinov, Oil

This podcast was recorded on April 24, 2026.

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