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The UK Maritime Trade Organization stated that the vessel took evasive action and changed course to distance itself from the small boat carrying armed personnel.

2026-06-21

The UK Maritime Trade Organization stated that the vessel took evasive action and changed course to distance itself from the small boat carrying armed personnel.

Other News
2026-06-21

Business Secretary Peter Kyle said on Sunday he has no reason to believe Prime Minister Starmer plans to announce a resignation on Monday. Kyle said he held a candid conversation with Starmer on Friday. The Observer had reported Starmer was expected

Business Secretary Peter Kyle said on Sunday he has no reason to believe Prime Minister Starmer plans to announce a resignation on Monday. Kyle said he held a candid conversation with Starmer on Friday. The Observer had reported Starmer was expected to resign on Monday and unveil a departure timetable; a government source said Starmer remains focused on carrying out his duties.
2026-06-21

After a US–Iran peace agreement sent crude futures sharply lower, previously dormant OTC option positions betting on an oil supply glut have resurfaced. Before a US strike on Iran, some traders had positioned for contango (near-month below forward mo

After a US–Iran peace agreement sent crude futures sharply lower, previously dormant OTC option positions betting on an oil supply glut have resurfaced. Before a US strike on Iran, some traders had positioned for contango (near-month below forward months); the subsequent conflict flipped the curve into strong backwardation — in late April WTI August traded >$5/bbl above September and September ~ $4/bbl above October. That move left more than 20,000 cash-settled put contracts (≈20 mln bbl/month) nearly worthless. With inter-month spreads now narrowed to under $1/bbl and prices back near pre-conflict levels, those puts have regained reference value. CFTC weekly data show hedge funds and other large specs cut net-long Brent to a six-month low, down roughly 75% since end-March, indicating materially more bearish directional positioning.
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