Trump’s Iran Signals Send Oil Markets Into Chaos

Oil prices whipsawed after reports of a possible U.S.-Iran framework deal briefly sent Brent plunging, only for fresh U.S. strikes on Iran to push crude back toward $100. Probable Super Niño Adds Insult to Injury for LNG Buyers - The arrival of a powerful El Niño this year, potentially even a 'Super Niño’ with sea surface temperature anomalies exceeding +2°C, could roil commodity markets simultaneously to ongoing shocks from the US-Iran war. - Hotter weather will boost cooling demand and lift overall consumption of…