More from the article
The current disconnect between paper and physical Brent is as wide as it has ever been…
One explanation for this optimism is the widespread market belief – or hope – that Trump will avoid prolonging the conflict for fear of driving U.S. gasoline prices sharply higher…
But that optimism flies in the face of the reality on the ground – Middle East oil production and exports would take months, if not years, to recover to pre-war levels even once Hormuz is fully reopened….
This is from a Reuters article that said Dated Brent physical crude delivered to Northwrst Europe is trading at $120/bbl and North Sea Forties price hit almost $150 recently
LONDON – The Iran war has torn open a dangerous rift in global oil markets: physical crude is trading at record highs while futures benchmarks signal calm. That disconnect is forcing consumers, companies and policymakers to navigate without a reliable compass – and it could leave a lasting scar on the global economy….truncated
Trading a Geopolitical Crisis 101 (save this for future crises)
I wrote this at the start oif the war and while the end game has not played out, markets have operated like a textbook, albeit a bumpy one.
History shows that the market impact of geopolitical crises is often most severe in the early stages. Investors tend to react first and reassess later. In many cases, worst-case scenarios are quickly priced into global markets, leading to sharp volatility before conditions stabilize and the longer-term economic impact proves more contained than initially feared.

Forex Market Snapshot
USD has bounced with the EUR a slight underperformer after failing again toi hold 1.18+
However, damage not fatal as EUR, JPY, and GBP would need to break yesterday’s USD highs at 1.1772, 159.15 and/or 1.3543 to produce outside days.
Otherwise, hope trade has gone just so far waiting for peace talks details.

yaaa verbal intervention lol
looks like japan suits are nervous about 160
apparently got scott’s permission that Japan has a “free rein” to take bold action against excessive yen movements
scott is scheduled to physically visit japan in may
“Double, double, toil and trouble; Fire burn, and (Japan’s) cauldron bubble” ?
AUDUSD DAILY
Outperforming ahead of and in anticipation of a solid Aussie jobs report.
Key resistance: .7186
Next pivotal level: .7200
See detailed preview: Aussie jobs report

USDJPy, whichhad been lagging, spiked lower on this headline… not really news (support 158.65-75 holding)

ETHUSD (4HR)
Ethereum climbed above $2,365, reaching an intraday high near $2,417. It is currently trading above both $2,300 and the 100-hour simple moving average. Immediate resistance sits around $2,360, with stronger resistance near $2,400. A breakout above this level could push the price toward $2,480.

April 14 Earnings Release Stocks
(JNJ) Johnson & Johnson reported solid Q1 2026 results, with revenue of $24.06 billion, up 9.9% year over year. Adjusted earnings came in at $2.70 per share, while GAAP net income was $5.24 billion. Operational sales grew 6.4% year over year.
Performance was driven by double-digit growth in Innovative Medicines, supported by key brands and recent launches, alongside continued momentum in MedTech and Vision. The company also raised its full-year guidance and increased its dividend.
(BSVN) Bank7 Corp. reported quarterly adjusted earnings of $1.25 per share for the period ended March 31, up from $1.08 per share in the same quarter last year. This result exceeded analysts’ expectations, which had averaged $1.01 per share based on estimates from three analysts.
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