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Apr 18, 2026 17 min

Commodity Compass - 4/18 - The Week that Was Not

from Commodity Compass Weekly Hosted by Jennifer Pickerel

If last week was the ceasefire that wasn’t, this week was the reopening that wasn’t. The U.S. Navy opened the week by announcing a blockade of Iranian ports and mine-clearing operations in the Strait. Oil rebounded sharply — Brent pushed back toward $99 — as the Islamabad talks between U.S. and Iranian officials collapsed midweek and the supply disruption narrative hardened.

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This episode was published on April 18, 2026.

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