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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 Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [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) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [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) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [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) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [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) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [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) - [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 3 Sep 2026 - - - #### In the US, SPR (Strategic Petroleum Reserve) is at the lowest since 1982 Crude -4.450MM, Exp. +60K Gasoline -1.173MM Distillates +796K Cushing +80K Production 19kb/d SPR down 3.1MM barrels to 287 million, just 17 million away - or one month of drain - from record low. [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![In the US, SPR (Strategic Petroleum Reserve) is at the lowest since 1982](https://blog.syzgroup.com/hubfs/1788381996133.jpg) ![In the US, SPR (Strategic Petroleum Reserve) is at the lowest since 1982](https://blog.syzgroup.com/hubfs/1788381996133.jpg) 1 Sep 2026 - - - #### Iranian crude oil exports have plunged in August The U.S. relies on economic pressure through its naval blockade, rather than military strikes, to coerce Tehran into a deal to fully reopen the Strait of Hormuz. Tehran has loaded about 260,000 barrels per day for export at its ports so far this month, a decline of more than 80% compared with 1.7 million bpd in August 2025, according to data shared Thursday by the trade intelligence firm Kpler. Source: CNBC [#oil|](https://blog.syzgroup.com/syz-the-moment/tag/oil) [#Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) ![Iranian crude oil exports have plunged in August](https://blog.syzgroup.com/hubfs/1788206856605.jpg) ![Iranian crude oil exports have plunged in August](https://blog.syzgroup.com/hubfs/1788206856605.jpg) 26 Aug 2026 - - - #### The U.S. and Iran have reportedly reached a ceasefire agreement, according to a Russian news source. They cite Pakistani and Iranian sources, saying the deal will be announced in the coming days. U.S. oil prices fell on the news. Neither the U.S. nor Iran have confirmed. Source: Trend Spider [#Commodities|](https://blog.syzgroup.com/syz-the-moment/tag/commodities) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![The U.S. and Iran have reportedly reached a ceasefire agreement, according to a Russian news source.](https://blog.syzgroup.com/hubfs/1787690497092.jpg) ![The U.S. and Iran have reportedly reached a ceasefire agreement, according to a Russian news source.](https://blog.syzgroup.com/hubfs/1787690497092.jpg) 25 Aug 2026 - - - #### The US could soon target Chinese banks over Iranian oil China buys roughly 90% of Iran’s oil exports, largely through independent refiners. Purchases are slowing — from around 823,000 barrels/day in July to 534,000 in August — but they haven’t stopped. Now the stakes are rising. Treasury Secretary Scott Bessent has warned that entities doing business with Iran could be cut off from the US dollar system. Beijing’s response? Sanctions are not the solution, and China will defend its economic interests. The potential escalation is significant: If China keeps buying Iranian crude, Washington could move against Chinese financial institutions facilitating those trades. At that point, this would no longer be just about Iran. It could become a direct financial confrontation between the US and China — with the dollar system at the center of it. Source: Bull Theory [#geopolitics|](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![The US could soon target Chinese banks over Iranian oil](https://blog.syzgroup.com/hubfs/1787605293407.jpg) ![The US could soon target Chinese banks over Iranian oil](https://blog.syzgroup.com/hubfs/1787605293407.jpg) 25 Aug 2026 - - - #### Markets are starting to show how the Strait of Hormuz crisis is reshaping global oil flows. The key signal is not just fewer barrels moving through the region. It is where those barrels are now showing up. Ports like Fujairah and Sohar, both located outside the Strait, are seeing a surge in crude departures. That suggests they are increasingly acting as bypass routes, transshipment points, and ship-to-ship transfer hubs for oil that would normally have taken a more direct path through Hormuz. Importantly, this does not mean the UAE or Oman suddenly produced far more oil. It may also hint at rising “dark” vessel activity. When AIS signals are limited or interrupted, voyage tracking becomes harder, and cargoes can effectively “reappear” outside Hormuz. So the disruption is no longer visible only in oil prices and tanker rates. It is now visible in the geography — and the opacity — of the physical oil market itself. Source: Michael McDonough DST [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Markets are starting to show how the Strait of Hormuz crisis is reshaping global oil flows.](https://blog.syzgroup.com/hubfs/1787641205845.jpg) ![Markets are starting to show how the Strait of Hormuz crisis is reshaping global oil flows.](https://blog.syzgroup.com/hubfs/1787641205845.jpg) 12 Aug 2026 - - - #### America’s strategic oil buffer is rapidly disappearing. The U.S. Strategic Petroleum Reserve (SPR) fell by another 6.1 million barrels last week, dropping to 298.7 million barrels. That pushes the reserve below 300 million barrels for the first time since January 1983, and to its lowest level in more than 43 years. The pace of depletion is also accelerating: • Previous week: -2.8 million barrels • Latest week: -6.1 million barrels Since the Iran war began, Washington has relied heavily on the SPR to offset disruptions to global oil supplies and limit upward pressure on crude prices. But that strategy has a limit. The reserve is now entering the estimated 250–300 million barrel operational floor, where extracting additional oil can become increasingly difficult. At the current pace of withdrawals, the U.S. could move deeper into that critical range within weeks. The SPR was built as America’s emergency energy insurance policy. That insurance policy is getting dangerously thin. Source: Global Markets Investor, zerohedge [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![America’s strategic oil buffer is rapidly disappearing.](https://blog.syzgroup.com/hubfs/1786464226987.jpg) ![America’s strategic oil buffer is rapidly disappearing.](https://blog.syzgroup.com/hubfs/1786464226987.jpg) 11 Aug 2026 - - - #### The US Strategic Petroleum Reserve has fallen to 298.7 million barrels, its lowest level since 1983. Since the Iran war began in February, Washington has repeatedly released emergency oil whenever oil prices surged to stop fuel costs from exploding. Source: Bull Theory [#United States|](https://blog.syzgroup.com/syz-the-moment/tag/united-states) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![The US Strategic Petroleum Reserve has fallen to 298.7 million barrels, its lowest level since 1983.](https://blog.syzgroup.com/hubfs/1786395446970.jpg) ![The US Strategic Petroleum Reserve has fallen to 298.7 million barrels, its lowest level since 1983.](https://blog.syzgroup.com/hubfs/1786395446970.jpg) 5 Aug 2026 - - - #### Big oil is profiting big Chevron, $CVX, had its best quarter ever. Exxon, $XOM, its best since 2022. Shell, $SHEL, second-highest on record. Source: Hedgeye @Hedgeye Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) ![Big oil is profiting big](https://blog.syzgroup.com/hubfs/1785873887292.jpg) ![Big oil is profiting big](https://blog.syzgroup.com/hubfs/1785873887292.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/4) [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) [6](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/6) [7](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/7) [❯](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/6) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/oil/page/31?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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