Rabobank
May 21, 2026
Striking
Daily UpdateEquitiesCommoditiesMacro Economic IndicatorsEnergyIndustrials
President Trump's decision to delay a Middle East military strike has met with market fatigue as negotiations over Iran's nuclear program remain unresolved. Meanwhile, tensions escalate in the Caribbean as the US sanctions Cuba over drone acquisition reports.
Key Takeaways
- 1.President Trump delayed a planned military strike in the Middle East following requests from Qatar, Saudi Arabia, and the UAE due to ongoing negotiations.
- 2.Energy market supply is stabilizing in Europe as jet fuel production increases, though global stockpiles are depleting fast elsewhere.
- 3.Geopolitical tensions are rising between the US and Cuba over reports of drones capable of striking US bases, leading to new sanctions.
Table of Contents
- Market comment
- Day ahead
- FX Strategy
- Fixed Income Strategy
- Agri Commodity Markets
- Energy Markets
- Client coverage
- Disclaimer
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Authors
Bas van Geffen
Securities
SPXOilRussian CrudeJet Fuel
Themes
Geopolitical StalemateEnergy Security and Supply ChainsUS National Security Expansionism
Regions
North AmericaMiddle EastEuropeUnited StatesIranCuba