UAE, Kuwait and later Saudi Arabia announced that they are curbing oil output as the impact of the near-closure of the crucial Strait of Hormuz rips through energy markets. Crude surged past $100 per barrel in early trading with Brent futures nearing $120 before paring gains. Meanwhile, European natural gas futures jumped as much as 30%, extending its biggest weekly advance since the start of the Iran conflict.
Elsewhere, Iran selected Mojtaba Khamenei, the hardline son of the assassinated Ayatollah Ali Khamenei, as its new supreme leader, signaling Tehran won’t back down in a war now raging across the Middle East and causing turmoil in energy markets.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Lizzy Burden and Tom Mackenzie.
Chapters:
00:00:40 – Market Check
00:02:55 – Ou’s Surge Above $100 Triggers Stock Slump
00:05:27 – Asian Stock Reaction
00:07:06 – Iran Picks Khamenei’s Son Mojtaba as Supreme Leader
00:10:17 – Traders Boost ECB Rate Bets, Price Two ECB Hikes in 2026
00:12:05 – Explosion Near Mamdani
00:17:07 – World is Not Short on Oil: US Energy Secretary
00:25:02 – German Bonds Open Lower
00:36:25 – US Mulls Special Operation to Seize Iran’s Uranium
00:41:42 – Stock Markets Still Look Complacent: 3-Minutes MLIV
00:47:31 – Stock to Watch: Energy, Airlines, Banks
01:06:10 – Oil Price Soars
01:09:35 – Food Prices Higher
01:16:29 – European Equities Near Correction
01:25:45 – UForce CEO Oleg Rogynskyy on Sea Drones, Ukraine, Middle East
01:32:37 – Traders Price 50% Chance of BOE Rate Hike
——–
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