Macro Weekly | Oil Prices, the Strait of Hormuz and the Midterms: How to Trade Brent Calendar Spreads

Saudi Arabia's East-West pipeline should return to full flow around election week, when Washington's reported timeline for renewed strikes on Iran begins, and both events land on the same Brent future

The Saudi bypass pipeline should be back to full flow around election week, which is when Washington’s reported timeline for renewed strikes on Iran begins, and the Brent futures curve is where those two dates collide.

By Dorian

Donald Trump turned down Tehran’s seven-day offer to reopen the Strait of Hormuz on Saturday, and Brent opened the week back abo…