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Mr. Worldwide

The physical market is getting hammered, Asia wants to add Canada to their diet, Russia flirts with the idea of banning diesel exports and E
Published: 23 June 2026
Written by:
Will Cunliffe

Will Cunliffe

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

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 119
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The physical market is getting hammered, Asia wants to add Canada to their diet, Russia flirts with the idea of banning diesel exports and Europe can’t handle these higher energy costs.

The Iranians have diplomats all over the globe. After the delegation to Switzerland returned hurriedly seeing Trump’s increasingly aggressive threats, another was in Oman to discuss ‘management’ of the Strait of Hormuz. Many in the shipping industry are worried about the precedent of nation states controlling Straits and international waterways – don’t give Denmark, Malaysia or Turkey ideas about imposing fees and levies on traffic. The difference is none of those are likely to follow through with drones and missiles as Iran did...maybe 🤣

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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.

We invite you to read our reports, which are published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.

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

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