Skip to Navigation Skip to Posts Skip to Content
🌍 The oil market ran on two unspoken guarantees for 50 years. Both just broke.
The Week in Geopolitics

🌍 The oil market ran on two unspoken guarantees for 50 years. Both just broke.

Macro Soup Newsroom Macro Soup Newsroom 4 min read

Iran's Hormuz closure and the UAE's OPEC exit broke two guarantees that kept oil markets predictable for 50 years. Brent hit $115/bbl with 21 mb/d of global supply hanging in the balance.

Brent crude oil price surge chart amid Strait of Hormuz disruptions
Chart showing Brent crude surging to $115 as Iran closes the Strait of Hormuz, highlighting energy security risks from the US-Iran conflict. Data underscores geopolitical impacts on global markets. Source

Read next

Featured Post The week in view

📰 Weekly Macro Roundup: 2026-05-30

3 min read
Paid Post The week in view

🇨🇳 China's industrial profits are at a 30-month high. Retail sales are at a 40-month low.

4 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.