Podcast series: A view from the FX desk

US–Iran talks stalled over the weekend, with Washington demanding firm guarantees that Tehran won’t pursue nuclear weapons. While Iran signalled more negotiations may follow, tensions rose after Trump threatened a targeted blockade of the Strait of Hormuz. Oil prices opened higher, though the move reflects fading optimism from last week…

Tensions are rising as yet another Trump-imposed deadline on Iran looms, with the Strait of Hormuz at the center of a high-stakes geopolitical standoff. Despite escalating rhetoric and fragile backchannel diplomacy, markets have remained surprisingly calm, even as oil and refined product prices quietly surge beneath the surface. Please note:…

War in the Middle East continues to cost a long shadow over the global economy. Investec experts Callum McPherson, Head of Commodities; Philip Shaw, Chief Economist; and Clive Murray, Head of Equities, share the key updates.

Geopolitical tensions in the Gulf have intensified, adding renewed upward pressure on global energy prices. President Donald Trump initially gave Iran a 48-hour ultimatum to reopen the Strait of Hormuz, warning that failure to comply could trigger strikes on Iranian power infrastructure. This raised concerns about a broader escalation, particularly…

Global energy markets have entered a critical phase, as geopolitical tensions in the Middle East threaten to spiral into a full-scale supply crisis. In this episode, we unpack the latest developments following Iran’s retaliatory strike on Qatar’s liquified natural gas facility, an attack that wiped out roughly 17% of its…