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7 Things

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Three supertankers and a trust deficit

The news, distilled

Adrian Monck's avatar
Adrian Monck
May 21, 2026
∙ Paid
S&P 500 ▲ 7,432.97 · Brent ▲ $105.94 · Gold ▲ $4,537.00 · VIX ▼ 17.4 · 10Y UST ▼ 4.57%

Three supertankers carrying six million barrels tested the Strait of Hormuz on Wednesday, hours after Trump called US-Iran talks their “final stages.” WTI fell 5.7 per cent to $98. The SPR lost 9.9 million barrels in a single week, the largest drawdown on record. Rome …

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