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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 18 Sep 2026 - - - #### Diesel trading as if Brent was $180 Source: zerohedge [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Diesel trading as if Brent was $180](https://blog.syzgroup.com/hubfs/1789680140495.jpg) ![Diesel trading as if Brent was $180](https://blog.syzgroup.com/hubfs/1789680140495.jpg) 17 Sep 2026 - - - #### Diesel is trading at over $200/barrel... People say oil is the lifeblood of the economy... But the backbone of our economy runs on diesel: - ~80% of US freight by weight - ~80% of global trade moves by sea - Most farming - Most mining Source: Lukas Ekwueme [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Diesel is trading at over $200/barrel...](https://blog.syzgroup.com/hubfs/1789574791000.jpg) ![Diesel is trading at over $200/barrel...](https://blog.syzgroup.com/hubfs/1789574791000.jpg) 17 Sep 2026 - - - #### China is now setting the price of oil. Shanghai crude futures surged to a record 929.4 yuan per barrel, their highest level since the contract launched in 2018. The catalyst? A major Middle East pipeline shutdown has tightened supplies, forcing Chinese refiners to compete aggressively for replacement cargoes. Oman and Murban crude are now both trading above $126 per barrel. But the most important signal is not simply the price surge. It is where the move started. Shanghai is leading, not following, Brent and WTI. When China’s domestic benchmark moves first, its refiners become the marginal buyers setting the price for the next available barrel. The message is clear: global oil-price discovery may be shifting east. Source: Jack Prandelli on X, Bloomberg [#oil|](https://blog.syzgroup.com/syz-the-moment/tag/oil) [#china](https://blog.syzgroup.com/syz-the-moment/tag/china) ![China is now setting the price of oil.](https://blog.syzgroup.com/hubfs/1789622545971.jpg) ![China is now setting the price of oil.](https://blog.syzgroup.com/hubfs/1789622545971.jpg) 16 Sep 2026 - - - #### Dear Donald, the "no war no peace" with Iran doesn't work here. You need to try something new... Brent is closing in on $110 after Houthi strikes shut the Saudi East-West pipeline, with Riyadh’s output at a 30-year low of roughly 6m b/d and Hormuz and Bab el-Mandeb presenting a two-front chokepoint risk. This is a supply shock, which means it doesn't fade on its own, and the WTI/10Y correlation has hit 0.96. Every barrel higher is a basis point in the long end. Then there's the quiet second claim on the same buyer pool: the AI build out. Hyperscaler capex now runs \>100% of operating cash flow, implying ~$1.3tn of debt by 2028, with tech leading the $380bn 2026 bond supply, competing directly with Treasuries while bidding up chips, power and labor. The trade funding the equity bull is now financing the tightening cycle. Source: TME [#oil|](https://blog.syzgroup.com/syz-the-moment/tag/oil) [#Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) ![Dear Donald, the ](https://blog.syzgroup.com/hubfs/1789537277866.jpg) ![Dear Donald, the ](https://blog.syzgroup.com/hubfs/1789537277866.jpg) 16 Sep 2026 - - - #### Oman Crude pushes further above $150! $155.14 This is the only Middle Eastern crude that does not have to pass through either the Strait of Hormuz or Bab el-Mandeb. That means oil prices in the rest of the world will eventually have to catch up with Oman. Source: Karel Mercx [#oil|](https://blog.syzgroup.com/syz-the-moment/tag/oil) [#Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) ![Oman Crude pushes further above $150!](https://blog.syzgroup.com/hubfs/1789506710424.jpg) ![Oman Crude pushes further above $150!](https://blog.syzgroup.com/hubfs/1789506710424.jpg) 15 Sep 2026 - - - #### Shipping Tanker ETF still going parabolic Source: Barchart [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Shipping Tanker ETF still going parabolic](https://blog.syzgroup.com/hubfs/1789417102848.jpg) ![Shipping Tanker ETF still going parabolic](https://blog.syzgroup.com/hubfs/1789417102848.jpg) 14 Sep 2026 - - - #### JPMorgan has just released a terrifying chart on the world's oil inventories. The stockpiles are in free fall. And if this line reaches 6.8, the global economy might get into big troubles. Source: JP Morgan, [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![JPMorgan has just released a terrifying chart on the world's oil inventories.](https://blog.syzgroup.com/hubfs/1789389860154-1.jpg) ![JPMorgan has just released a terrifying chart on the world's oil inventories.](https://blog.syzgroup.com/hubfs/1789389860154-1.jpg) 14 Sep 2026 - - - #### The energy situation in the Middle East deserves close attention Saudi Arabia’s East–West pipeline was reportedly shut down on Friday following recent attacks, potentially affecting around 4 million barrels per day of export capacity. At the same time, risks around the Bab el-Mandeb Strait could threaten flows of up to 9 million barrels per day, while the Strait of Hormuz is reportedly operating at roughly 20% of its pre-war capacity. Taken together, close to 30 million barrels per day of oil flows may be disrupted or exposed to disruption. There is some overlap between these routes, so the figures should not simply be added together. Still, against a global oil market of roughly 100 million barrels per day, the potential impact is significant. This does not necessarily mean a lasting supply shock—but it highlights how vulnerable global energy markets have become. Source: The Kobeissi Letter [#oil|](https://blog.syzgroup.com/syz-the-moment/tag/oil) [#Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) ![The energy situation in the Middle East deserves close attention](https://blog.syzgroup.com/hubfs/1789362642548.jpg) ![The energy situation in the Middle East deserves close attention](https://blog.syzgroup.com/hubfs/1789362642548.jpg) [❮](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/1) [1](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/3) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/29?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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