SUMMARY OF FED DECISION (6/17/2026): 1. Fed leaves rates unchanged for the 4th straight meeting 2. 9 out of 18 officials expect at least one rate hike this year 3. Fed lowers its median 2026 US GDP projection from 2.4% to 2.2% 4. Fed now sees PCE inflation not returning to its 2% target until 2028 5. Fed says inflation "remains elevated" relative to their goal 6. Today's Fed decision was reached in a unanimous 12-0 vote The Fed appears to be bracing for more inflation.

BREAKING: Spot gold prices fall sharply after the Fed signals potential rate hikes ahead.

BREAKING: The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, per WSJ. Details include: 1. The provision for waivers of sanctions on oil sales takes effect immediately upon signing the agreement 2. This also covers necessary services including banking, transportation and insurance needed to facilitate the sales 3. Iran is expected to receive upfront sanctions relief under the deal with further relief tied to Iran’s performance Oil prices are down sharply on the news.

🚨The US SPR just dropped ANOTHER 8.330 million barrels in a single week its lowest level since 1983. The Iran deal is being signed Friday. The emergency is still happening right now🛢️⚡ Week after week. Consecutive draws... No pause⚠️ The US has released 172 million barrels since March as part of a coordinated 400 million barrel IEA emergency draw the largest intervention in IEA history. And the bleeding hasn't stopped 📉 The deal is real. The price relief is real. The structural damage is still being written with multiple million barrels at a time⚡ Do not miss the full analysis. Link in the comments 👇

When does Qatari LNG production restart?

"QATARENERGY TOLD BUYERS IT EXPECTS TO RAISE OUTPUT TO ABOUT 50% OF CAPACITY A MONTH AFTER SAFE PASSAGE THROUGH THE STRAIT IS RESTORED"... Thoughts? #JKM #TTF #ONGT

Australian LNG unions have stopped strikes after a deal with Inpex 🤝 More bearish news for global LNG market 📉📉📉

Qatar is beginning to bring its LNG tankers back to the Middle East as it prepares to ramp-up exports 🇶🇦 🚢 At least 5 empty Qatar-linked tankers linked are returning after being idle. 4 more ships in Gulf of Oman Qatar hasn’t sent an empty LNG ship through Hormuz in 3 months

European gas prices remain about 30% higher than pre-crisis levels, although Citigroup Inc. sees further downside amid the “conflict de-escalation,” according to a note Tuesday.

It's possible the return of Qatari LNG, whenever it happens, is going to shock the system more than the loss of Qatari LNG after it did happen in early March. One of many key questions is how much of Qatar's LNG foothold in Asian power has been permanantly lost? @ColumbiaUEnergy

QATARENERGY IS READY TO RESUME LNG PRODUCTION AT RAS LAFFAN VERY QUICKLY AND REACH FULL PRODUCTION WITHIN ONE MONTH - SOURCE WITH KNOWLEDGE THE MAIN PROBLEM IS SHIPPING NOT PRODUCTION AND HOW FAST CAN QE BRINGS SHIPS IN - SOURCE WITH KNOWLEDGE

Iran plans to connect its electricity grid to Qatar's and is weighing similar deals with other Gulf states, per Iran's energy minister.

Qatar says 80% of its LNG production will be restored within two months.

Now strikes threaten to tighten to the global LNG market 🇦🇺⚠️ Inpex expects "imminent disruption" to exports from its Ichthys facility because union workers there have ramped up strikes and work stoppages The plant accounts for ~2% of global LNG supply bloomberg.com/news/articles/…

Looks like European #natgas ends the trading day down almost 10% (~€4.50/MWh) from Friday’s close. Now we wait-and-see: will a flotilla of Qatari ballast cargoes loitering off Pakistan head back towards SoH in readiness for a Friday transit and a quick Ras Laffan load? #TTF #LNG

Low storage aside, a reminder in a world with Qatari LNG and a bit more Russian gas, the TTF/Henry Hub spread lives well below $5 & transit costs are sub $2. It suggests the long-term play is selling the TTF/HH spread, as price drift back towards transit costs. @ColumbiaUEnergy

Ale żeby nie było tak kolorowo - skala spadku indyjskiego eksportu paliw jest znacząca. Wraz z większym importem ropy z Rosji powinno się to zmienić, ale nie od razu, bo ~miesięczną konserwację będzie przechodzić Jamnagar.

Iranian Foreign Ministry Spokesperson: We will announce details of the signing of the agreement of principles with Washington soon.

Eventful week ahead for EU carbon market -📈This morning the Dec-26 rose about €78 on Iran peace deal announcement lifting sentiment, TTF -6% -Today #EUETS participants are watching the vote on draft 2026-2030 benchmarks in expert committee -18-19 June council

IRAN CLAIMS U.S. AGREED TO FUTURE HORMUZ TRANSIT FEE FRAMEWORK TEHRAN SAYS A DRAFT ACCORD RECOGNIZES IRAN-OMAN AUTHORITY OVER STRAIT OF HORMUZ NAVIGATION SERVICES, WITH CHARGES BEGINNING AFTER A 60-DAY WAIVER PERIOD- FARS