JPM | US Energy: US/Iran Halt Strikes, CPC Loadings Resume, China Imports To Rise, Russia Diesel Export Ban, Activity Rose last Week, BKR, Steel Macro Data, FOMC Preview

Research evidence excerpt

JPM | US Energy: US/Iran Halt Strikes, CPC Loadings Resume, China Imports To Rise, Russia Diesel Export Ban, Activity Rose last Week, BKR, Steel Macro Data, FOMC Preview

Brendan Henrici - Specialist Sales - US Energy AC North America Specialist Sales J P M O R G A Nbrendan.henrici@jpmorgan.com

J.P. Morgan Securities LLC 27 July 2026

JPM | US Energy: US/Iran Halt Strikes, CPC Loadings Resume, China

Imports To Rise, Russia Diesel Export Ban, Activity Rose last Week, BKR,

Steel Macro Data, FOMC Preview

Brendan Henrici

+1 212 622 2729

brendan.henrici@jpmorgan.com

Key Highlights Today:

• US/Iran Halt Strikes, Oil Falls Most in 3mo

• CPC Loadings Resume

• China Imports to Rise in July But Below Prior Est

• Russia to End Diesel Export Ban When Market Recovers

• Activity Rose Last Week

• BKR First Take

• Steel Data Puts & Takes

• FOMC Preview

Access, Calls & Surveys:

• SAVE THE DATE: J.P. Morgan Global Energy Conference, Nov 30th-Dec 1st, in-person, London. The event will consist

of a two-day panel agenda addressing key macro, corporate and thematic topics across the energy value chain and a

comprehensive program of one-on-one/small group meetings with global C-suite executives representing leading Oil & Gas,

OFS, E&P, Utility, Renewable and Mining companies. Full details will follow. In the meantime, please save the date in your

calendar for this event

Brendan’s Brief:

TACO Redux, CPC Loadings Resume. Oil & energy products open in a meaningful downdraft Monday with concerns over

immediate supply constraints alleviated by a mutual US/Iran agreement to halt the trading of strikes. Further, the US and Iran

submitted responses to a proposal from Pakistan and Qatar to return to negotiations, the Saudi Al Arabiya outlet reports.