Andrew James discusses the impending summer demand for LNG in Asia, noting that while prices haven't spiked yet due to a shoulder season and weak Chinese imports, hotter-than-normal forecasts and an emerging El Niño are changing the market. He warns of a competitive bidding war between Asia and Europe for gas shipments, which could lead to sharply higher prices, even if the Strait of Hormuz reopens soon.

Sarah Emerson argues that the recent drop in oil prices is premature, as the Strait of Hormuz remains closed and supply chains will take weeks to refill. She sees upside pressure on oil into the $90s due to entering a higher demand period. She emphasizes that the crisis is a serious lesson for global energy diversification away from the Middle East.

Sudi Ranjan Sen explains the significance of the Quad Foreign Ministers' meeting in New Delhi, highlighting the need to counter China's aggression and address the drift in the grouping due to President Trump's preference for bilateral over multilateral engagements. The agenda is seen as bland, with the main outcome expected to be a reinforcement of the Quad's relevance.

George Alexander Muthoot discusses the impact of India's increased gold import tariffs and restrictions on his business. He notes a growing trend of people monetizing idle gold ornaments for business and personal needs. He is not worried about a gold price correction due to their conservative 60% loan-to-value ratio and very low default rates.