EU Energy Sector Specialist Commentary

J.P. Morgan provides market commentary on a potential US-Iran ceasefire and corporate developments at BP and Eni. Brent crude has sold off on reports of a tentative deal to reopen the Strait of Hormuz.

Key Takeaways

• 1.Reports suggest a tentative deal between the US and Iran involving a 60-day ceasefire extension and the reopening of the Strait of Hormuz.
• 2.Eni has entered a joint agreement with Seri Industrial to develop a lithium iron phosphate battery supply chain, acquiring a 30% stake in a new venture.
• 3.Former BP Chairman Albert Manifold issued a defense of his conduct following his ousting, which J.P. Morgan views as a negative development for the company's strategic reset.

Table of Contents

• Key Newsflow
• JPM Global Energy Spec Sales Content
• Oil Macro and Flows
• Company News
• Macro News
• Global Oil & Gas Research
• J.P. Morgan Global Oil & Gas Access
• Sector Calendar
• J.P. Morgan Global Oil & Gas Contacts

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