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Trump pulls the rug on a peace deal...again and Brent responds
Published: 6 May 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 86
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Trump pulls the rug on a peace deal...again and Brent responds

Trump saw the market getting carried away and quickly backtracked! It’s too soon to talk about a peace signing or face to face talks. Markets swung back up on the hawkishness, with Brent rapidly back above $100. A day of price action driven by headlines, waffly nonsense and tweeting… Trump is boxed in between an impervious Iranian regime and increasing pressure at home for heightening fuel prices and not wanting to get caught up in another forever war.

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The Officials publish outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.

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About Euro Edition

Benchmark reports published at the close of the trading day in London.

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