The EU-UK summit, reportedly in July could confirm ETS linkage, narrowing the EUA-UKA spread and reshaping European carbon markets for years to come.
The market is treating Hormuz as binary: open or closed. EA's proprietary maritime data shows oil flow recovery will be slow, uneven and may never fully normalise.
High-frequency data suggest higher oil prices have yet to trigger meaningful demand destruction, with trucking, gasoline and jet fuel consumption largely resilient.